consumer proposal annulled
October 19th, 2009 by Questions
After 3 yrs of a 4 yrs proposal, we missed 3 payments and the proposal was annulled. We received phone calls from creditors requesting full restitution with interest. Non of the creditors are secured. My home is mortgaged and payments are up to date. There is no possibility of meeting the requirements of the unsecured creditors.
Can the unsecured creditors garnish my wages. If so, then I will be unable to meet the mortgage.
If bankruptcy is the only option, is my current good standing with the mortgage lender in jeopardy if I can continue with the payments. Is there a possibility for amendment.
Posted from: Ontario