Consumer Proposal – Vote by Creditors
May 28th, 2007 by Questions
I have recently made a Consumer Proposal and after 45 days one of the creditors voted for the proposal and two voted against it. Two creditors did not vote. My understanding when I made the proposal was that if a creditor did not vote, it counted as an approval of the proposal. But now I am advised that a creditors meeting must be called. Can you explain why this must happen?