November 14th, 2011 by Questions
Once proposal is accepted and lost job, can you cash out from assets to pay CP until finding work so you don’t miss the 3 payments and get in annuled? Assets were included in CP
Posted from: Ontario
November 14, 2011 at 3:52 pm, Barton Goth - Goth & Company Inc. -Trustee in Bankruptcy said:
As long as we are talking non-exempt assets that were disclosed at the time of filing the proposal, then absolutely you can sell these assets to preserve the proposal. You won’t find any problems associated with doing so.
Log in to Reply
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.