What happens with the monies while waiting for the 6 month payout to creditors
December 16th, 2010 by Questions
For the consumer proposal my trustee will pay my creditors every 6 months. So what happens with this money that I am paying in during that time. Is it sitting in some account? Is it invested? Do the lower amount creditors get paid off sooner than the others or are the payments divided and everyone is paid their share for the same amount of time?
Posted from: Ontario