Consumer proposal after debt arbitration
October 29th, 2012 by Questions
We are currently 6 months into a debt arbitration. It is costing us over half of what we would be paying in cc bills and there is no guarantee that all our creditors will approve the arbitration. We have settled one small account but have a lot left owing, 100K. My question is would a consumer proposal make sense at this point? would the creditors refuse because they have already been approached by an arbitrator? We didn’t know about proposals when we began the process.
Posted from: British Columbia