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Employment During Proposal

What happens if I get a new job or a significant raise while I am paying off my consumer proposal. Will my payments be adjusted upwards?

Posted from: Ontario

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One Response to “Employment During Proposal”

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

In a consumer proposal the payments are not tied to your income once the proposal is accepted by creditors and approved by the court. As a result if your income goes up your payment doesn’t change. However, this can be a double edged sword as any negative changes in income don’t reduce the payment.