Defaulted Consumer Proposals
If you have defaulted on a Consumer Proposal it may be because a Consumer Proposal was not the best choice for you in the first place.
Bankruptcy Trustees earn a “tariff” which is a fee based on the size of your Consumer Proposal. Sometimes the Consumer Proposal terms recommended by the Bankruptcy Trustee are too aggressive, which may make them difficult to honour. Not because you don’t want to make the payments but because they are too high.
If you have defaulted on a Consumer Proposal it is only a matter of time before your creditors are notified and they start coming after you.
DebtCare offers solutions for consumers who have defaulted on their Consumer Proposals. Do not go back to a Trustee in Bankruptcy who is likely the reason your proposal has failed, without talking to us first!