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If you have unsecured debt of under $10,000 and live in the Province of Ontario filing bankruptcy may not be the best option for you. We suggest you contact the Office of the Super Intendent of Bankruptcy at 416-973-6441 to discuss your options, or you can visit their website here.

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Do I need to hire a Trustee to file for Consumer Proposal?

Do I need to hire a Trustee to file for a Consumer Proposal? Can I file for consumer proposal by myself without having a trustee in the middle? Please advise

Posted from: Alberta

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One Response to “Do I need to hire a Trustee to file for Consumer Proposal?”

A licensed trustee said...

You cannot file a consumer proposal by yourself – you must use a licenced trustee in bankruptcy to do so.

One of the underlying premises of the Bankruptcy and Insolvency Act is that you assign (sign over) your assets to a trustee to administer on behalf of your unsecured creditors. Since you can’t sign something over to yourself the law requires you to use a trustee.