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”

, 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.

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