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Filing for Bankruptcy while in Consumer Proposal

We have been in a consumer proposal for 8 months and are having difficulty maintaining our monthly payment. Is bankruptcy an option? If so, what happens to the consumer proposal that we have currently?

One Response to “Filing for Bankruptcy while in Consumer Proposal”

A licensed trustee said...

Yes, bankruptcy is still an option. Filing for bankruptcy ends your proposal. You should discuss your situation with your trustee, or contact another trustee for a second opinion by clicking on the “Find An Expert” link on the right hand side of this page.