May 11th, 2012 by Questions
I am considering doing a consumer proposal, but have only 3 creditors, one of them CRA. Would love to know the success rate
Posted from: Nova Scotia
One Response to “success rate”
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May 11, 2012 at 8:20 am, Barton Goth - Goth & Company Inc. -Trustee in Bankruptcy said:
This is a difficult thing to know for sure as it is not a statistic that is shared between trustee’s offices or by the government. In my practice I find that approximately 97% of the consumer proposal that are offered are accepted and of that 97% we have to negotiate with the creditors approximately 21% of the time.