January 5th, 2012 by Questions

I understand bank accounts in overdraft are included in consumer proposals but what about my principle account that goes in overdraft for a few hundred dollars but is replenished with each bi-weekly pay that brings it out of overdraft. Is this included or do they include it if the account is in overdraft at time of proposal?

Posted from: Ontario


One Response to “overdraft”

, Barton Goth - Goth & Company Inc. -Trustee in Bankruptcy said:

You should either cancel that overdraft prior to filing the consumer proposal so that it can’t go into overdraft or stop using that account and open an account at a different institution that doesn’t have overdraft.

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