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15 years ago i filed bankruptcy.i now find myself in financil trouble once agian.If i file consumer proposal will creditors denie my proposal due to my previous history.RBC is my main creditor for 50,000.

Posted from: Ontario

One Response to “worried”

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

Your creditors won’t deny a consumer proposal simply because there is a previous bankruptcy. In fact, having a previous bankruptcy is a very common reason for people to file a consumer proposal.

So don’t let that stand in your way. However, be advised that RBC will likely not accept your initial offer in the consumer proposal, for no other reason than that is what they tend to do. So be prepared for a counter offer from them and the need to potentially sweeten the pot. But your trustee should discuss all of this with you.