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Bankruptcy Question & Answer Forum - Canada


Author:

 

Jase

Date:

 

April 15, 2005

Question:

 

The same bank has my one of my visa's, 2 different line of credits, a vehical loan and an overdraft. I was wondering if that bank gets 5 votes in a proposal or just one?


From:

 

Ann Clarke, Alger & Associates Inc.

Date:

 

April 18, 2005

Answer:

 

The bank will likely get 2 votes, one for the loans, overdraft and lines of credit and one for the Visa account.

Ann Clarke
phone: (403) 296-2972
aclarke@alger.ca



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