October 3rd, 2010 by Questions
Do you have to be in good standing with your creditors for a proposal?
Posted from: Ontario
October 04, 2010 at 7:12 am, A licensed trustee said:
No, it makes no difference to the process. If/when you do file your credit report will take a hit. The normal rating for debts once you file a proposal is R7 – which simply denotes you’ve enter into a settlement (via a proposal).
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