consumer proposal

April 6th, 2011 by Questions

we are looking into a consumer proposal we are not behind on any bills yet just have a lot of debt that we can not longer afford due to my hubands job cutbacks. Can we still be ecepted even though we are not benhind on any debt bills??

Posted from: Ontario


One Response to “consumer proposal”

, Barton Goth - Goth & Company Inc. -Trustee in Bankruptcy said:

There is no requirement that you must be behind on your bills to qualify to file a consumer proposal. The only requirement is that you currently reside in Canada of have in the last 12 months, owe greater than $1000 and are unable to pay your bills as they generally become due or ceased paying those bills.

So if you are in a position where you aren’t currently behind, but are not making much headway (i.e. paying only the minimum) I would recommend you contact a local trustee.

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