colection agency

February 8th, 2012 by Questions

CAN COLLECTION agency take money out of you’re account after a proposal is file.

Posted from: Ontario

Questions

One Response to “colection agency”


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

No, the day a consumer proposal is put in place there is an immediate Stay of Proceedings that is in effect. This is essentially federal legislation that stipulates your unsecured creditors are not able to collect any money from you, charge any interest or seize any funds.

If you are already in a consumer proposal and this has happened it is likely due to the internal delay it takes at the bank to notify all divisions and departments. So you should talk to your trustee.

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.)