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

"*" indicates required fields

Name*

Phone Number*

Email*

This field is hidden when viewing the form

What's the best time to contact you?*

Location*

What city do you live in?*

This field is hidden when viewing the form

Source

How can we help you?

Agreement*

I understand that Bankruptcy-Canada.ca does not provide debt relief services directly and agree to securely share this information with a local Licensed Insolvency Trustee (LIT) for a free, confidential consultation.

Phone

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

Select Trustee By Province

Why can’t I do a proposal?

I have met with a Trustee and asked if I can do a consumer proposal instead of a bankruptcy. The Trustee said that I don’t have enough income to support a proposal, but I disagree. I owe $30,000 and had the understanding that if I could come up with 1/3 of the money I owe that I could ask to do a proposal instead of filing for bankruptcy. I feel I can afford $150/month for 60 months, which would be almost a third of what I owe. Can the Trustee refuse to ask the creditors to accept my proposal and force me to file for bankruptcy instead?

Posted from: British Columbia

Share this post:

X (Twitter) Facebook LinkedIn Email

One Response to “Why can’t I do a proposal?”

A licensed trustee said...

If you don’t want to listen the the advice from the trustee you already spoke to, then I suppose start calling until you find a trustee that will accept your file. Trustees are not required to accept you as a client – they may refuse to accept any file, just like you are free to call someone else.