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switching from proposal to bankruptcy

Can you change from Proposal to bankruptcy….been in proposal for 9 months and see no advantage whatsoever of bankruptcy and things are now very very tight. What does this do?

Posted from: Ontario

One Response to “switching from proposal to bankruptcy”

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A licensed trustee said...

Yes, you can, BUT befor eyou do, go and speak to your trustee (or if for some reason you no longer want to deal with your current trustee, you may switch when you file bankruptcy). There was probably a reason the proposal made more sense than bankruptcy when you filed it – unless somethng has changed, bankruptcy may still not be the right answer for you.