Comments on: what if your debt was 60% cra will a consumer proposal still be approved http://www.bankruptcy-canada.ca/consumer-proposals/2010/03/what-if-your-debt-was-60-cra-will-a-consumer-proposal-still-be-approved.html Personal Bankruptcy Canada Blog Fri, 10 Feb 2012 15:23:44 +0000 hourly 1 By: Barton Goth - Goth & Company Inc. -Trustee in Bankruptcy http://www.bankruptcy-canada.ca/consumer-proposals/2010/03/what-if-your-debt-was-60-cra-will-a-consumer-proposal-still-be-approved.html#comment-114111 Barton Goth - Goth & Company Inc. -Trustee in Bankruptcy Tue, 09 Mar 2010 14:32:24 +0000 http://www.bankruptcy-canada.ca/consumer-proposals/2010/03/what-if-your-debt-was-60-cra-will-a-consumer-proposal-still-be-approved.html#comment-114111 When Canada Revenue Agency is the primary creditor and ultimately has voting control it is very difficult to get a <a HREF="http://www.bankruptcy-canada.ca/consumerProposals.htm" rel="nofollow">consumer proposal</A> approved. This can vary depending on local practices so I would recommend verifying this with a <a HREF="http://www.bankruptcy-canada.ca/emailUs.htm" rel="nofollow">local trustee</A>, but CRA has been pretty consistent with this practice. When Canada Revenue Agency is the primary creditor and ultimately has voting control it is very difficult to get a consumer proposal approved. This can vary depending on local practices so I would recommend verifying this with a local trustee, but CRA has been pretty consistent with this practice.

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