what if your debt was 60% cra will a consumer proposal still be approved
March 8th, 2010 by Questions
Would it be hard to get approval on a proposal?
Posted from: Ontario
One Response to “what if your debt was 60% cra will a consumer proposal still be approved”
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March 09, 2010 at 9:32 am, Barton Goth - Goth & Company Inc. -Trustee in Bankruptcy said:
When Canada Revenue Agency is the primary creditor and ultimately has voting control it is very difficult to get a consumer proposal approved. This can vary depending on local practices so I would recommend verifying this with a local trustee, but CRA has been pretty consistent with this practice.