Leaving out a creditor and assets?

April 3rd, 2013 by Questions

What happens if people in a proposal have purposly left creditors and known assets out of their asset sheet?

Fred Alberta

Posted from: Alberta


One Response to “Leaving out a creditor and assets?”


You are not allowed to simply leave people out. Legally all creditors must be disclosed to the trustee and listed in the proposal. If you have information that suggests this has happened you should talk to the trustee involved. If this failure to disclose is not rectified it could result in the proposal being null and void.

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