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Consumer Proposal Annullment

I let my consumer proposal get annulled after a year… One of my debts(Money Mart) didn`t respond at all to my proposal…and my Trustee told me because of that I no longer owe them money. Now sense my proposal is annuled…Money Mart are coming after me for the money i owed them. I can`t find any rules describing what happens to your debt from companies that refused to answer(show proof of debt) to the proposal. Can someone help me?

Posted from: Ontario

One Response to “Consumer Proposal Annullment”

A licensed trustee said...

There are no such rules to find – if a creditor does not respond to a proposal it simply means they will not receive their portion of the proposal money (all of the other creditors will get their share instead). If you had completed the proposal then the debt would still have been discharged (eliminated).

Unfortunately you did not complete the proposal and therefore all of your creditors, including anyone that did not respond to the proposal, has the right to pursue you for the money that you owe them…

Sorry, but you’re back where you started…