October 26th, 2011 by Questions
can i go bankrupt after i realized a proposal is still hard for me to live?
Posted from: Ontario
October 26, 2011 at 12:31 pm, A licensed trustee said:
Yes, you may file bankurptcy even after you have filed a proposal. Most people deliberately allow their proposal to fall three months into arrears which will cause it to be automatically annulled (cancelled). When those notices go out they file bankruptcy. It gives you 4 months without any payments.
Of course you have the right to file bankruptcy without waiting for your proposal to be annulled, if you don’t want to wait. Call your trustee…
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