I received an email from someone yesterday asking if he could file a consumer proposal with us.  He had filed a consumer proposal in 2005 year with another administrator and over the next 12 months, he missed 3 months of payments because of a reduction in income.   As he knew, once you miss 3 monthly payments under the terms of the proposal, it is deemed annulled, meaning it has now ended.  

He now has a steady source of income and wanted to file another consumer proposal.  I had to let him know that it isn’t easy as that.  In order to file another consumer proposal he first needs to obtain court approval.  This can be done with the assistance of a lawyer who specializes in insolvency.  I told him to contact us once he has the court order and we will be happy to help him file another consumer proposal.

If you need a plan to deal with your financial problems, call us at 310-PLAN or email your question.