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self-employed

I would like to know what happens with ainvestment account in the case of consumer proposal or bankruptcy ?Could be kept open and use it?

Posted from: Quebec

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One Response to “self-employed”

Barton Goth – Goth & Company Inc. -Trustee in Bankruptcy said...

In a proposal there is no vesting of assets, so this means that this investment account can remain untouched as long as it is evaluated, determined what would happen in a bankruptcy and you then offer more than would be available in a bankruptcy.

So at this point I suggest you contact a local trustee, arrange a time to meet and they can give you an idea of what they think will have to be offered to get your creditors to cooperate.