After consumer proposal annulled
May 27th, 2010 by Questions
I have a 36-month consumer proposal ($700 per month payment) and I completed 28 months. Now the consumer proposal is annulled because of 3 missing payments. But I do not plan to go bankruptcy because of my surplus income and 21-month-long bankruptcy(the initial debt for this CP is about $30,000).
What will be the best way to solve this the annulment of my CP:
1. May I get court/judge approval to make a new consumer proposal (for the same creditors) and offer the creditors a better repayment? Do I have to work with the same trustee who did this CP to make this new consumer proposal, or May I choose other trustees to work this new proposal for these creditors?
2. During the past 28 months of this 36-month CP, I onced borrowed some payday loans and they are still outstanding, if I work with a trustee to make a new proposal, can I include all the debts (the old creditors in 36-Month-CP and the new payday loans creditors? Again, do I have to work with the same trustee or may I choose another trustee to fix all my money troubles (annulment of 36-month-CP + new payday loans)?
3. In addition, I have $2000 student loans. When the 36-Month-CP was signed, the student loan was not allowed in CP. Now, I am 10 years out of school, may I also put this student loan debt into a new consumer proposal?
Posted from: Ontario