Comments on: What happens if my circumstances change after filing a consumer proposal? https://freshstartnow.ca/circumstances-change-after-filing-consumer-proposal/ Bankruptcy & Consumer Proposal Wed, 29 May 2024 18:41:39 +0000 hourly 1 By: Kathy Lenart https://freshstartnow.ca/circumstances-change-after-filing-consumer-proposal/#comment-192 Wed, 29 May 2024 18:41:39 +0000 https://freshstartnow.ca/?p=2332#comment-192 In reply to yuki.

Hello Yuki
There would still be a minimum fee to file an assignment in bankruptcy and the trustee would have to analyze if you had realizable assets to settle or were obligated to make surplus income payments. The payments under your consumer proposal do not reduce these amounts.
Please feel free to contact me directly to discuss further.
Regards
Kathy

]]> By: yuki https://freshstartnow.ca/circumstances-change-after-filing-consumer-proposal/#comment-191 Tue, 21 May 2024 15:02:25 +0000 https://freshstartnow.ca/?p=2332#comment-191 In reply to Kathy Lenart.

Would that mean that you would still have to pay an amount for the bankruptcy? or does that take into account what you will pay in the bankruptcy and owe less?

]]> By: Kathy Lenart https://freshstartnow.ca/circumstances-change-after-filing-consumer-proposal/#comment-186 Wed, 15 May 2024 01:14:36 +0000 https://freshstartnow.ca/?p=2332#comment-186 In reply to Koral.

Hello Koral
The administrator of the proposal will either distribute the funds on hand or pay them over to the trustee in your bankruptcy.
Regards
Kathy

]]> By: Koral https://freshstartnow.ca/circumstances-change-after-filing-consumer-proposal/#comment-184 Mon, 06 May 2024 17:29:00 +0000 https://freshstartnow.ca/?p=2332#comment-184 What happens to the money paid into the proposal if you switch to a bankruptcy

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