Including a personal creditor in CP

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nishgupta29@gmail.com

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Including a personal creditor in CP
« on: January 26, 2018, 09:28:34 AM »
Hi guys

This forum has been very helpful to me. I sincerely thank all of the users here.
I wanted to ask does anyone has any experience with including a personal creditor in CP i mean if you have borrowed money from a friend or relative and has included them in CP.
How did it work out for you guys?
I am in a similar situation where i have borrowed some money from a guy so wondering if i should include him in my CP or not?
Any advise guys?

Thanks

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nishgupta29@gmail.com

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Re: Including a personal creditor in CP
« Reply #1 on: January 26, 2018, 11:18:41 AM »
Any thoughts guys? Please

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Jennykk

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Re: Including a personal creditor in CP
« Reply #2 on: January 31, 2018, 11:27:16 PM »
Any thoughts guys? Please

Hi there. Have you spoken with a trustee yet?

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Wetcoaster

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Re: Including a personal creditor in CP
« Reply #3 on: February 01, 2018, 05:35:12 PM »
You can google and find out some information you might be looking for.

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francaisboots

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Re: Including a personal creditor in CP
« Reply #4 on: June 11, 2018, 07:32:33 PM »
Hi,
Did you find out the answer for this after?

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fireguy233

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Re: Including a personal creditor in CP
« Reply #5 on: June 13, 2018, 06:07:45 PM »
Yes you may include a personal debt in a consumer proposal however its important to understand that by doing so you will be paying that person pennies on the dollar ( in most cases). Dont expect this friend or relative to be very friendly with you after the fact. Although you are supposed to list all debts I am not sure i personally would go this route.

Banks are banks and are used to writing things off but do you really want to write off the relationship you have with this friend or relative??

just my two cents.


 

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