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If you have unsecured debt of under $10,000 and live in the Province of Ontario filing bankruptcy may not be the best option for you. We suggest you contact the Office of the Superintendent of Bankruptcy at 416-973-6441 to discuss your options, or you can visit their website here.

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Payments

Hello,

Are the payments one makes on a consumer proposal reported to the credit bureau by our trustees? (as a sign we are keeping to the arrangement)

thanks, you have a great site here!

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One Response to “Payments”

Barton Goth, GCO Inc. Bankruptcy Trustees said...

We are glad to hear you have found this site helpful. As for whether or not these payments are reported to the credit bureau, they are not. If someone needs to verify that you are in good standing with your proposal you may consider arranging for your trustee to write a confirmation letter that you are making payments as contracted, while this is not a standard part of the process I am sure most trustees you will find will be willing to provide some type of verification of compliance upon request.