What happens if I can’t afford to finish my Proposal?
If you miss three months of payments and do not file an Amendment to your Proposal – your Proposal will no longer be a legally binding agreement.
This means that your creditors will be free to take legal action against you for the full amount of the debt you owe them.
Related articles:
Successfully Filing and Completing Your Proposal
I just received your letter stating my proposal was accepted and I wanted to say THANK YOU! I feel like I get another chance for a better life for myself and especially my son and for that I am truly grateful.
Regards,
M. J. (Burlington)
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