Money kept in chequeing account

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Money kept in chequeing accountMoney kept in chequeing account – How much money can you have in your day to day chequeing account when you submit your proposal? Do they take money out of all your accounts and require you start from zero?

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Money kept in chequeing account  –  When you file your consumer proposal with the trustee you are allowed to keep enough money in your chequing account to cover living expenses until the next earnings cycle.

Trustees are quite aware that bankruptcy and consumer proposals are available to provide a fresh financial start; not to punish people.

Yours truly,

Earl Sands, LIT

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