Bank transactions prior to filing a consumer proposal

I was hoping to file a consumer proposal in the new year but may have to file sooner, rather than later. Last month, I used my credit card for a trip. Will this transaction be questioned through a consumer proposal and would it affect my applicatoin? I`ve read on here that bank transactions are reviewed 3 months prior to filing for a bankruptcy. I would rather file a proposal but am finding it hard to meet my financial obligations. Thank you

Posted from: British Columbia

One Response to “Bank transactions prior to filing a consumer proposal”

Barton Goth – Goth & Company Inc. – Bankruptcy Trustees said...

You are right that things are reviewed automatically for 3 months, but this review often goes up to a 1 year prior to the filing of a bankruptcy or a proposal.

The best thing to do is simply contact local trustee, explain to them the nature of the trip, and they will be able to disclose this in a manner that all your creditors are aware, but see you are still making a fair offer.