Consumer proposal costly
September 2nd, 2007 by Questions
I have looked into filing a consumer proposal in ontario but am shocked at the amount of money it costs to do so. I\’ve been told I need to pay $1200 during the 45 day waiting period. Usually people who are considering bankruptcy or proposal don\’t have money which is the reason why they\’re filing. Have you ever heard of trustees accepting monthly payments or is there a less expensive way to do this?
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September 04, 2007 at 12:02 am, Barton Goth GCO Bankruptcy Trustees said:
Most trustees understand that the reason for the proposal is financial hardship and as a result are willing to accept payments over time. If you are having trouble making the necessary arrangements with your trustee’s office you could always consider contacting another local trustee to see if they would be able to provide the same servies but allow more more flexibility with the initial deposit.