Comments on: EXCLUSIVE: Why does the Royal Bank vote NO on consumer proposals more than all other creditors combined? https://www.hoyes.com/blog/royal-bank-vote-no-consumer-proposal/ Hoyes, Michalos & Associates Inc. | Ontario Licensed Insolvency Trustees Sun, 17 Apr 2022 17:20:31 +0000 hourly 1 https://wordpress.org/?v=6.5.3 By: J. Douglas Hoyes, CA, Trustee https://www.hoyes.com/blog/royal-bank-vote-no-consumer-proposal/#comment-153 Wed, 16 Apr 2014 11:27:22 +0000 https://www.hoyes.com/?p=1336#comment-153 In reply to Bill W..

Your story is not unique. I had a telephone call yesterday from someone with a similar story. It’s a classic case of “the left hand not knowing what the right hand is doing”. It would appear that in your case the bank sold a block of accounts to a third party collector, without first “cleaning” the list to remove people like you who had settled their debts through a consumer proposal. In Ontario the Limitation Period is two years, so it is far too late for them to sue you for the debt, so it’s unlikely anything will happen. However, you should contact the collector and the Royal Bank to advise them of the error. You should also get a copy of your credit report to ensure that this debt does not appear on your credit report.

]]> By: Bill W. https://www.hoyes.com/blog/royal-bank-vote-no-consumer-proposal/#comment-152 Tue, 15 Apr 2014 23:42:43 +0000 https://www.hoyes.com/?p=1336#comment-152 What do you make of this.. In Jan 2003 I had filed a consumer proposal in British Columbia and after fulfilling my obligation to the proposal, I received a ‘Certificate of Full Performance dated Jan 2005. Almost 9 years later, I began to receive ( and am still receiving ) phone calls and letters from a collection company. They claim to work for the RBC, when if fact they do not, they are a third party collector who bought my loan note from RBC. They bought the note or loan paper after my discharge.

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