CREDIT COUNSELLING SERVICE: FILING A SECOND CONSUMER PROPOSAL

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Credit Counselling Service Filing A Second
Consumer Proposal
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• About Us

• We at Credit 720 work for you in a similar way
  just as your Tax Consultant or Accountant. You
  hire our expert advice in debt negotiations as we
  help protecting your assets and safeguarding your
  rights as our esteemed client.
• At Credit720, our goal is to protect your best
  self-interest and not the creditors. Debt
  Consolidation, Consumer Proposal - Calgary
  Edmonton Region.

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• Credit Counselling Service Filing A Second
  Consumer Proposal

• All the credit counsellors consider Consumer
  proposals as the safest route to become debt
  free. Thus, if in the past, you had to face
  stressful debt situations and used the consumer
  proposal as a medium to get debt relief, you can
  again go for it years later in case you face a
  similar situation. In this guide, we have covered
  all the points that actually help in filing a
  repeat consumer proposal service in different
  parts of Canada, be it, Calgary, Edmonton,
  Alberta or Lloydminster and the procedure ahead.

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• Steps to File A Second Consumer Proposal

• Looking at the advantages of consumer proposal,
  anyone can file a second or any number of
  consumer proposals in the same way as they file
  the first one! So, keep reading on further to
  know the exact steps for filling a second
  consumer proposal easily.

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• Steps to File A Second Consumer Proposal

1. Firstly, you have to start working with a LIT or
   Licensed Insolvency Trustee. He is the one to
   analyze the budget and evaluate the amount for
   creditor repayment.
2. Then, the LIT will share the proposal with the
   creditors for acceptance.
3. If most creditors accept the terms, then the
   proposal will bind on all the creditors. However,
   it must be noted that no one can file for 2
   consumer proposals at one time. It means that
   once the filing of first consumer proposal is
   complete, only then, the second one can be filed.

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• Special Situations to Consider

1. In case if you miss 3 payments of consumer
   proposal, it is annulled and then, filing for a
   new one is not possible. At such time, you can
   just revive this annulled proposal within 30 days
   or visit court if the number of days are more
   than that.
2. If you incur a new debt while you are repaying
   via the current proposal, you are neither allowed
   to file any other consumer proposal nor add the
   added debt in the current proposal. All you can
   do is both go for amending or collapsing the
   proposal and then, go for insolvency as per your
   financial situation.

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• Some Last Words

• With this, you must be aware of all the pointers
  that you must keep in mind while applying for a
  second consumer proposal service. Contact
  Credit720 to get the best help and consultation
  regarding different credit counseling services
  and understand the impact of going for a second
  consumer proposal in no time.

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Contact Us
Red Deer 924, 4747 67th St,Red Deer AB, T4N
6H3Telephone [phone]Fax (780)
666-9721Email info_at_credit720.ca Edmonton
South 9856A 33 Ave NW, Edmonton AB T6N
1C6 Telephone [phone] Fax (780)
666-9721 Email info_at_credit720.ca
Edmonton North 203, 12930 50 St, Edmonton, AB T5A
4L2 Phone [phone] Email info_at_credit720.ca
Lloydminster(Alberta Saskatchewan) Unit 102,
4802 -50th Avenue, Lloydminster, AB T9V
0W5 Phone [phone].666.2600 Email
info_at_credit720.ca
http//www.credit720.ca