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Payment

Under OSB, am i to make my first monthly payment, to Trustee, on signing a Consumer Proposal.,
or
Under OSB, am i to make first monthly payment, to Trustee, after the C. Proposal has been accepted.

Posted from: Ontario

One Response to “Payment”

A licensed trustee said...

Canadian law does not set out the specific terms of your proposal – they are between you and your creditors. Some trustees require your first payment on the day you sign, some within 30 days of signing, some don’t start them until the proposal has been accepted. Make sure you understand exactly when your payments are going to start before you file.