Question: what happens if I am in consumer proposal and my income has dropped to where I cant pay all of my monthy bill. I do have a five year proposal and in to it of year and a half. am I allowed to redo the proposal?
Answer: It is possible to amend a proposal if your circumstances have changed. You should contact the trustee that is acting as your proposal administrator and advise them that your circumstances have changed. They will review your situation, and advise you on whether or not it makes sense to ask the creditors to amend the proposal. If your income has dropped significantly, another option may be to file bankruptcy in Ontario. You should contact a trustee to discuss this option.