How do my Creditors Decide whether to Accept my Proposal?

Once you file a consumer proposal, the Administrator will send a notice to all of your creditors affected by the proposal. If 25% of your creditors request a meeting of creditors and/or reject the proposal, a meeting will be held. If the meeting is held, your creditors will vote as to whether to accept your proposal. If no meeting is held, your proposal is automatically deemed accepted.

2017-01-25T23:09:42+00:00 January 24th, 2017|