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confused

I’m a little confused. In a consumer proposal, are you making the same proposal to all your unsecured creditors ? What I mean is are they all being offered the 30 percent pay back or are some offered more or less depending on the size of the loan ?

Posted from: Ontario

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One Response to “confused”

A licensed trustee said...

Yes, you are making the same offer to all of your unsecured creditors.

There is another, more expensive type of proposal used for businesses and people that owe more than $250,000 that allows for different repayment terms, but this feature is not avaiulable for consumer proposals.