Question: Just wondering if any of the creditors (secured) are aloud to come back after the consumer proposal. I have paid into the propasal for three years now. The proposal is finished and I have received a nasty letter from one of the creditors stating that I still need to pay the debt. How is this possible???
Answer: All unsecured creditors (like credit cards) are included in your proposal. They cannot pursue you once the proposal is completed.
A secured creditor, such as a car loan or house mortgage, would not be paid as part of your consumer proposal, so yes, if you don't pay your car loan, they can pursue you.
I assume that you are refering to an unsecured creditor, so we suggest you contact your trustee and ask them to send a letter to the creditor advising that the proposal has been completed, and that should make them stop calling.
Answer: All unsecured creditors (like credit cards) are included in your proposal. They cannot pursue you once the proposal is completed.
A secured creditor, such as a car loan or house mortgage, would not be paid as part of your consumer proposal, so yes, if you don't pay your car loan, they can pursue you.
I assume that you are refering to an unsecured creditor, so we suggest you contact your trustee and ask them to send a letter to the creditor advising that the proposal has been completed, and that should make them stop calling.
Labels: consumer proposal
posted by Questions @ 11:42 AM
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