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

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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.

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Consumer Proposal and Credit Rating

Do you have to be in good standing with your creditors for a proposal?

Posted from: Ontario

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One Response to “Consumer Proposal and Credit Rating”

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).