September 5th, 2011 by Questions
I’m a little confused. In a consumer proposal, are you making the same proposal to all your unsecured creditors ? What I mean is are they all being offered the 30 percent pay back or are some offered more or less depending on the size of the loan ?
Posted from: Ontario
One Response to “confused”
Please post a follow up comment below:
(Note: comments are reviewed by moderators and then posted after approval. In addition, due to high volume some of the comments might not be posted.)
You must be logged in to post a comment.
September 05, 2011 at 10:02 am, A licensed trustee said:
Yes, you are making the same offer to all of your unsecured creditors.
There is another, more expensive type of proposal used for businesses and people that owe more than $250,000 that allows for different repayment terms, but this feature is not avaiulable for consumer proposals.