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If you have unsecured debt of under $10,000 and live in the Province of Ontario filing bankruptcy may not be the best option for you. We suggest you contact the Office of the Superintendent of Bankruptcy at 416-973-6441 to discuss your options, or you can visit their website here.

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do i declare a proposal

Hi and thanks for this site. Just a quick question. On some forms and/or applications, it may ask if you have ever declared bankruptcy and you have to check off `yes.` If you do a consumer proposal, do you have to also have to check off `yes`? Thanks!

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One Response to “do i declare a proposal”

Barton Goth GCO Bankruptcy Trustees said...

No. You only have to answer affirmatively if they ask specifically about a consumer proposal. A consumer proposal is distinctly different from filing a bankrutpcy and as a result you would have no legal obligation to respond to a question about bankruptcy.