How to Stop CRA Garnishment After Receiving an RTP Demand Payment Letter

Ever felt the stress of unexpected financial setbacks? How to stop CRA garnishment is a question many Canadians face when dealing with debt issues and a RTP (Requirement To Pay) from the Government of Canada. Understanding the steps to halt this process can alleviate a significant amount of stress and help you regain control over […]

How Many Times Can You Do A Consumer Proposal

Ever felt like you’re stuck in a financial maze with no exit in sight? Debt can weigh you down, making every day feel like an uphill battle. But what if there’s a way to reset and start fresh? How many times can you do a consumer proposal? The straightforward answer is that you can file […]

Who Can Put a Lien on Your House in Canada?

Liens can significantly impact property ownership in Canada, often catching homeowners off guard. Understanding liens—what they are, the types that exist, and who can place them on your property—is crucial for any homeowner. This article unpacks the complexities of liens, explores potential lien holders, and discusses the consequences they can have on property sales. It […]

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Can a Consumer Proposal be included in a Bankruptcy?

Can I include a consumer proposal in a bankruptcy?

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One Response to “Can a Consumer Proposal be included in a Bankruptcy?”

Barton Goth GCO Bankruptcy Trustees said...

While you can’t directly include a consumer proposal in a bankruptcy you can do one of two things. First you can simply file an assignment in bankrutpcy while in the middle of the proposal and it will serve to annul the proposal. Second you could wait until your proposal is in arrears for 3 montsh and deemed annulled and then file.