| Author: |
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Adam |
| Date: |
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September 29, 2002 |
| Question: |
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I have recently recieved notice of a consumer proposal. In reviewing the documents I was sent, under "Information relating to the affaairs of the Debtor", it says the debtor has two prior bankruptcies. The first one was discharged in 91-06-07 and the second is a suspended discharge on 97-12-05. Is this why this individual would be filing a consumer proposal and not a bankruptcy? Can he file again? How many times is too many?
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From: |
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Ann Clarke, Collins Barrow Limited |
| Date: |
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September 30, 2002 |
| Answer: |
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There is no limit on the number of times someone can file bankruptcy but it becomes much more difficult to be discharged after the first one, particularly if the bankruptcies are within a short period of time. Proposals are always explored as an option, as they resolve financial difficulty without bankruptcy occurring.
Ann Clarke
phone: (403) 296-2972
aclarke@moneyhelp.ca
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