FILL OUT THE FORM BELOW AND RECEIVE A NO-OBLIGATION CONSULTATION

"*" indicates required fields

URL

This field is for validation purposes and should be left unchanged.

Name*

Phone Number*

Email*

This field is hidden when viewing the form

What's the best time to contact you?*

Location*

What city do you live in?*

Total Unsecured Debt*

*Unsecured debt includes credit cards, lines of credit, bank overdrafts, payday loans, and unsecured personal loans (excluding student loans). It does not include mortgages and car loans.

This field is hidden when viewing the form

Source

How can we help you?

If you have unsecured debt of under $10,000 and live in the Province of Ontario filing bankruptcy may not be the best option for you. We suggest you contact the Office of the Superintendent of Bankruptcy at 416-973-6441 to discuss your options, or you can visit their website here.

Agreement*

I understand that Bankruptcy-Canada.ca does not provide debt relief services directly and agree to securely share this information with a local Licensed Insolvency Trustee (LIT) for a free, confidential consultation.

Select Trustee By Province

consumer proposal and creditor meeting

I have a meeting of creditors in my trustees office next Friday- I had too many no-votes for it to pass.

I am very anxious about what is going to happen in this meeting. Am I going to be signing am amended CP based on the new payment (which will be more). Will the creditors grill me on my assets and expenses? I have completely reworked my expenses by the way, so should I bring in my new monthly budget? Do I need to bring any other paperwork and how long do these meetings usually take. DO all the creditors show, or just the ones who dissented? What if no one shows and it`s just me and the trustee, how do we then make a counterproposal that would please them?

Posted from: Ontario

Share this post:

X (Twitter) Facebook Pinterest LinkedIn Email

One Response to “consumer proposal and creditor meeting”

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

Likely the meeting is just a formality. Most times it is simply you and the trustee and the trustee will have contacted the creditors prior to the meeting an dhave a prety good idea what is going to take place. For more information you are best to simply contact your trustee as they may have conditional votes, or perhaps have already discussed the counter proposal with your creditors.