July 25th, 2009 by Questions
My husband and I have done a consumer propsal a week ago…I just found out that I am to receive money from the goverment for my disability….I would like to know if I can keep it, or will it be taken away to pay my debts……..
Posted from: Ontario
One Response to “Proposal”
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July 26, 2009 at 4:38 pm, A licensed trustee said:
You need to call your trustee to discuss what has happened. The funds can’t be “seized”, but your creditors are entitled to this new information and it may have an impact on the terms of your proposal.
depending on the size of the payment (to you) you may want to change your proposal to a “lumpsum” offer (a one time payment instead of payments over multiples months/years), or you may not want to offer the proposal at all. Your trustee will help you sort this out.