FILL OUT THE FORM BELOW AND RECEIVE A NO-OBLIGATION CONSULTATION

"*" indicates required fields

Name*

Phone Number*

Email*

Hidden

What's the best time to contact you?*

Location*

What city do you live in?*

Hidden

Source

How can we help you?

This field is for validation purposes and should be left unchanged.

Select Trustee By Province

MBNA & TD

I recently found out that MBNA is owned by TD Canada trust. Would this mean that this is construed as one vote or two in a consumer proposal? I recently filed for a CP and these two are my biggest creditors and a no vote would kill my proposal.

Posted from: Ontario

Share this post:

X (Twitter) Facebook LinkedIn Email

One Response to “MBNA & TD”

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

Each creditor gets one vote for every dollar of debt. So if they have the majority control of the vote they could potentially vote down the proposal However, both of those creditors have a pretty good track record. So I wouldn’t be to worried.