informal vs. formal proposal
August 7th, 2012 by Questions
I’m considering going through with a consumer proposal and I contacted this not for profit place which told me that they do informal proposals. I asked the difference and they told me that it’s informal in the sense that a trustee doesn’t complete it and it has has less of an impact on my credit bureau. My question is that if I go through with this. can the creditors retract the proposal at any time? Is it better to go through with a formal consumer proposal?
Posted from: Ontario
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