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what if your debt was 60% cra will a consumer proposal still be approved

Would it be hard to get approval on a proposal?

Posted from: Ontario

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One Response to “what if your debt was 60% cra will a consumer proposal still be approved”

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

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.