I stopped paying
October 22nd, 2007 by Questions
i stopped paying towards my consumer proposal 5 months before i was done. now is 13 months after the fact and bell, and visa are calling. im so scared. i dont know what i can do now? will anyone trust me to pay them on a payment plan again?
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October 23, 2007 at 8:00 am, A licensed trustee said:
I can’t say whether or not anyone will trust you to make payments again – you’ve certainly made your situation more complicated, but there are ways to deal with it.
You could try contacting your creditors directly and negotiating payment plans with any that are pursuing you.
You could try a debt management program to deal with all of your unsecured debts.
You could contact your trustee and ask them if they are willing to make a motion allowing you to file another proposal that includes the debts from your first one.
You could contact your trustee and ask them if they are willing to make a motion allowing you to complete your original proposal.
You can look into personal bankruptcy.
I think the place to start is to call the trustee that was handling your proposal and ask them to explain your options in detail. Then you can make an infomred decision about how to proceed.