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

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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 Superintendent of Bankruptcy at 416-973-6441 to discuss your options, or you can visit their website here.

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Can I pay-off the entire consumer proposal or do I have to continue paying each month?

I’ve already paid 24 months of my consumer proposal. I have 3 more years.
I just inherited some money. Can I pay-off the entire consumer proposal or do I have to continue paying each month until the consumer proposal is finished? Thanks. This website is terrific.

Posted from: Quebec

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One Response to “Can I pay-off the entire consumer proposal or do I have to continue paying each month?”

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

Yes, you can pay the consumer proposal in full at any point during the proposal itself. There is no additional cost or penalty to doing so, you simply are finished the proposal faster and then can concentrate on rebuilding your credit.