2nd time bankruptcy

April 9th, 2012 by Questions

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

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.

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