The basic rule is that you can only make one consumer proposal to any one group of creditors.

Therefore, if you made a consumer proposal in the past to a group of creditors, and you completed the proposal (it was fully performed), then you could make another consumer proposal to deal with any new creditors that you are struggling with today.

However, if you made a consumer proposal to a group of creditors in the past and you did not complete the proposal (it was deemed annulled) then you cannot make another consumer proposal to that same group of creditors.

When a consumer proposal is deemed annulled, the debtor is not automatically bankrupt, but in most cases they will decide to file personal bankruptcy to deal with their debts.

Try our Debt Options Calculator to know your options.

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