July 7th, 2011 by Questions
I have one bankruptcy from 2002, and now I am hoping it is possible to do a consumer proposal, I have income, and do not want to file bankruptcy again. I however do not have a bank account, and need one for employment. How can I resolve my problem?
I earn 42,000 yr, my debts are 30,000
this is due to illness.
thank you I hope there is hope.
Posted from: British Columbia
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July 07, 2011 at 6:35 am, A licensed trustee said:
When you file a consumer proposal (or bankruptcy for that matter) something called a stay of proceedings is automatically put in place. If you haven’t opened a new bank accoutn because you are afraid it will just be seized, the stay stops that.
So, go and speak to a trustee in your area about filing a proposal and they will tell you when it is safe to open the new account. The sooner begun the sooner you’ll be done…