consumer proposal situation
November 16th, 2006 by Questions
I have made a consumer proposal two years ago for approx. $12000. Here is the unique situation:
All of my creditors have NOT filed a claim with my accountant in Manitoba. They have been informed to file 4 – 5 times already by my accountant. There is money waiting to be distributed but no one wants it it seems.
I have now approximately $700 sitting with my accountant.
The accountant has informed me that I must keep my payments continuing until my proposal is finished in five – six months. After my proposal is done, the money that has built up they will send back to me.
Every creditor that has filed has been paid in FULL and my claim is complete.
Why can\’t my file just be done and the money that is owing sent back to me now?
Why do I have to keep on paying this proposal if the end result is a lump sum just being sent back to me?
Is this legal to say that I must continue these payments??
If I default in my payments can anything happen in this situation??
Any other information regarding this situation would be much appreciated
a VERY concerned person