Can I amend a Consumer Proposal?
The answer is yes. It is possible to amend a proposal if your circumstances change and you are unable to make the payments. This can happen if you lose a job, get laid off or have a serious medical condition or injury. We recommend that you contact the administrator of the consumer proposal as soon as you are having issues. Don't wait until you miss a couple of payments. The faster that you contact the administrator about your circumstances, the less complicated it will be to work out a solution. Your administrator will review your options to determine if your problems are temporary or permanent. They will find a solution that works best for you, so your consumer proposal can continue.
If you are overwhelmed with a financial crisis, J.P. Graci & Associates Ltd can help! Call us now at 519-753-7361.
MORE QUESTIONS
Do I qualify for bankruptcy? How long will I be bankrupt? How much will it cost? How will my credit rating be affected? If I declare bankruptcy, will I lose everything? Should I declare bankruptcy? Will I still be responsible for some debts after filing for bankruptcy? Does Filing for Bankruptcy in Canada Affect My Spouse? What is a bankruptcy discharge and the process involved? What is the OSB and what are their responsibilities? If I file a proposal or declare bankruptcy, what happens to my credit rating? What happens if my creditors vote against accepting my consumer proposal? Can I leave some creditors out of my consumer proposal? How Do I Get a Mortgage After A Consumer Proposal? Can a student with a government student loan go through bankruptcy or get a consumer proposal?
