Withdrawal from consumer proposal

December 6th, 2015 by Questions

Last year I wanted to negotiate the HST owed to revenue can from a failed business. A firm directed me to make a consumer proposal. I was not properly assessed. I informed them I had a line of credit of over 200k if it was going to be affected. They said no it secured line of credit. My line of credit was blocked all my credit cards cancelled. It was a nightmare. I immediately told them to withdraw me from a consumer proposal they did but now credit is affected. What can I do at this point? Is it too late? I cannot even renew my mortgage from this mistake made by the incorrect assessment made by my trustee.

Questions

One Response to “Withdrawal from consumer proposal”


December 07, 2015 at 3:50 pm, Desmond West-Chow, CIRP, Trustee said:

It seems like the best way to resolve this issue is to first of all, ensure that the credit report is currently correct. You can do this by obtaining a credit report from Transunion or Equifax. If there are any issues with what’s being reported, you can file a dispute or contact the creditor that’s reporting incorrectly to have this resolved. It would also be a good idea to talk to your bank about the specific issue with renewing your mortgage. It may not be because of the proposal being filed but could be because of the outstanding debt to Canada Revenue Agency.

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