May 18th, 2012 by Questions
I have conusluted with a Licensed Insolvency Trustee about doing a CP and we have determined my monthly payment to be $200. He has asked me to open a new checking account at a bank that I do not have a credit card with.
He has also asked me to bring $300 cash and two post dated cheques from the new checking account each $150 saying that this $600 will go towards my first 3 payments.
I was wondering if this is the normal procedure or not as my understanding was there will be no fees for the CP.
Thank you in advance for your clarification.
Posted from: Ontario