Income ense statements and consumer proposals

Is one rquired to submit monthly statement of income and expenses during a consumer proposal like in bankruptcy?

Posted from: British Columbia

One Response to “Income ense statements and consumer proposals”

Barton Goth – Goth & Company Inc. -Trustee in Bankruptcy said...

There are differing positions on this as each trustee has a slightly different interpretation of the Bankruptcy and Insolvency Act, but from the trustee’s I am aware of, most require these statements be filed for the first 9 to 12 months of the proposal.