Failed Consumer Proposal

June 15th, 2009 by Questions

What are my options after my consumer proposal was annulled due to 3 months behind in payments. Could not afford the payments. Unfortunately I have been bankrupt twice before and do not want to go through that again.

Posted from: Ontario


One Response to “Failed Consumer Proposal”

, A licensed trustee said:

You have the right to apply to the Court to ask for permission to file another proposal on the same debts, BUT since you’ve had two prior insolvencies I don’t think the Court is likely to approve your request. I am sorry, but you need to find a way to repay the debt or you may have to file bankruptcy for a third time…

Please post a follow up comment below:

(Note: comments are reviewed by moderators and then posted after approval. In addition, due to high volume some of the comments might not be posted.)