Can a bankruptcy be stopped once started

July 25th, 2009 by Questions

I felt a Consumer Proposal was best for me however I feel I was talked into Bankruptcy…the Bankruptcy was filed…is it possible to change to a Consumer Proposal once a Bankruptcy has already been filed…my Trustee did not offer nor give me the opportunity to do a Consumer Proposal…when I went for my consultation they already had the Banruptcy papers ready to be signed…I was newly separated and my husband had filed bankruptcy…I did not want to…is there anything I can do? The bankruptcy just occured at the end of June.

Posted from: Ontario


One Response to “Can a bankruptcy be stopped once started”

July 25, 2009 at 10:43 am, A licensed trustee said:

Certianly you may file a proposal even though yiou have already filed for bankruptcy – if the proposal is accepted by your creditors then the bankruptcy will be annulled (canceled).

If you are not comfortable with your current trustee then go and see some one else to learn more about the proposal. Just make sure you tell this new trustee about the bankruptcy before you meet with them.

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