FILL OUT THE FORM BELOW AND RECEIVE A NO-OBLIGATION CONSULTATION

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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 to creditors

I did a proposal to creditors on July 2nd,2009, creditors meeting July 22, all parties agreed to proposal. I had contacted OAS to have my direct deposit changed to a cheque, June cheque came OK, July was direct deposited in my old bank in error. Is there any legal way I can get this money from the bank? Thanks.

Posted from: Newfoundland and Labrador

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One Response to “Proposal to creditors”

A licensed trustee said...

Contact your trustee and ask them to try and recover the funds – it may be possible, but only if the bank wants to co-operate. If they don’t co-operate the legal costs to recover the money will exceed whatever funds you recover.

For anyone else reading this site that may be considering bankruptcy or a proposal – BEFORE you file switch banks to an institution you don’t owe any money to. If you stay with a bank you are indebted to then what has happened to thsi person may happen to you…