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.

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

Select Trustee By Province

False decleration

What if someone declares a debt free asset as being sold a few months before filing for a consumer proposal, but in reality they still own it, and after filing for a CP, have traded it to purchase a new vehicle. Does this affect the filed Consumer proposal?

Posted from: Ontario
CATID10

Share this post:

X (Twitter) Facebook LinkedIn Email

One Response to “False decleration”

A licensed trustee said...

If you are aware that someone has done this then you need to decide whether or not you will inform their trustee. Without knowing all the facts I can’t tell you whether or not the proposal will be placed in jeopardy because of what this person has done – that is a possibility, but it may make no difference at all. It all depends on the particular facts in this case.

Call the trustee handling the proposal and they will help sort this out.