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If you have unsecured debt of under $10,000 and live in the Province of Ontario filing bankruptcy may not be the best option for you. We suggest you contact the Office of the Superintendent of Bankruptcy at 416-973-6441 to discuss your options, or you can visit their website here.

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proposal duties

Are there `duties` associated with the acceptance of a consumer proposal as there are with filing for bankruptcy ? And what might they be ?

Posted from: British Columbia

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One Response to “proposal duties”

A licensed trustee said...

If yuo file a consumer proposal you are required to attend 2 counseling sessions and you may be required to attend at a meeting of creditors (if one is called). Your only other on-going duties are to make the agreed upon payments and keep your trustee approzed of yuor address and phone number.