July 23rd, 2012 by Questions
I have a National bank loc but for only 1 year now. I make all minimum monthly intrest payments, do you think they(or any bank) will be difficult to deal with for a proposal?
Posted from: Ontario
July 23, 2012 at 11:00 am, Barton Goth - Goth & Company Inc. -Trustee in Bankruptcy said:
It is difficult to say for sure without knowing more details (i.e. percentage of recovery available in a bankruptcy, the amount being proposal as part of the proposal, your cash flow etc.) but overall National Bank has had a decent track record and are typically considered a relatively cooperative creditors when it comes to the filing and accepting of proposals.
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