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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2 TIME PROPOSAL

I DID A CONSUMER PROPOSAL IN 1995AFTER MY SEPARATION CAN I FILE ONE AGAIN 16 YEARS LATER

Posted from: Ontario

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One Response to “2 TIME PROPOSAL”

A licensed trustee said...

Sure you can – there is no limit to the n umber of times you may offer your creditors a proposal. What you can’t do is offering a second proposal on the same debts of a filed proposal. In your case that is not a problem…

A word of warning to everyone reading the site – there is no limit to the number of times you may file a proposal, BUT each one counts as an insolency event. If after you file a couple of proposal you need to file for bankruptcy, the Court will treat you like you are filing bankruptcy for the third time – that means the bankruptcy will run longer and cost more. So, if you find yourself filing a second or third proposal make sure you can complete it – if you end up filing bankruptcy later things won’t go well for you.