FILL OUT THE FORM BELOW AND RECEIVE A NO-OBLIGATION CONSULTATION

"*" indicates required fields

Name*

Phone Number*

Email*

Hidden

What's the best time to contact you?*

Location*

What city do you live in?*

Hidden

Source

How can we help you?

Name

This field is for validation purposes and should be left unchanged.

Select Trustee By Province

if CP is refused

Hi there, if proposal is refused (we are offering more than 75% of what owing), can we counter offer or just file for bankruptcy?

Thank you

Posted from: Ontario

Share this post:

X (Twitter) Facebook LinkedIn Email

One Response to “if CP is refused”

Barton Goth – Goth & Company Inc. -Trustee in Bankruptcy said...

Talk to your trustee about this, but the consumer proposal legislation has a mechanism built in to provide an opportunity to negotiate. What happens is at the 45 day mark your trustee must arrange with a creditor to have a creditor meeting requested. This will then extend the vote by an additional 21 days and give you the necessary time to try the counter offer.