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2nd time bankruptcy

Unfortunately I have to file bankruptcy. I successfully completed a proposal some years ago. Will this be considered my second bankruptcy?
Thanks

Posted from: Ontario

One Response to “2nd time bankruptcy”

Barton Goth – Goth & Company Inc. -Trustee in Bankruptcy said...

No, a consumer proposal is distinctly different than a bankruptcy.

Now you will have to disclose that you previously filed a consumer proposal, but rest assured that this is distinctly different and won’t have the same impact as a previous bankruptcy would.