The First Meeting of Creditors (FMOC) was held on August 28, 2009 to approve the Proposal; however, this

meeting was adjourned as there was not a quorum. The Trustee chaired the Reconvened FMOC on May 29, 2009 to approve the Proposal. The Trustee spoke with the Debtor on several occasions regarding late and missed payments and reminded her of the consequences of defaulting on the terms of her Proposal. The Trustee wrote the Debtor and her creditors to advise that the Debtor was in default of the terms of her Proposal as she had not remitted payments in a timely manner. The Debtor subsequently brought her payments up-to-date and the Trustee sent a letter to the creditors advising that the Debtor had remedied the default and that the Proposal was in good standing.

The Debtor contacted the Trustee to advise that he wished to purchase a vehicle and the Trustee wrote a letter to the prospective creditor to advise that the Debtor had filed a Proposal and that he had no objection to the purchase.

At the date of proposal the Debtor listed household furnishings as assets, for which CitiFinancial filed a secured Proof of Claim. The Trustee reviewed the secured Proof of Claim and determined that CitiFinancials security over the Debtors household furnishings was valid. The Trustee subsequently sent a letter to CitiFinancial releasing the Trustees interest in the assets.

The Trustee also wrote to two of the creditors and to the Courts regarding actions commenced prior to the Proposal to advise them of the stay of proceedings. The Trustee also wrote to the Debtors employer advising them of stay of proceedings in order to stop a garnishee.

The Trustee wrote to CIBC Investor Services and AIM Trimark to advise that the Debtor had filed a proposal and was required to surrender any Registered Retirement Savings Plan to the Trustee under the terms of the proposal. The Trustee requested that the Debtors RRSP be de-registered and any proceeds be forwarded to him. The Trustee received $5,194.29, net of tax, from these RRSPs. The Trustee prepared in-trust tax return and filed the same with CRA.

In his Proposal, the Debtor made a settlement offer to his secured creditors, Wells Fargo Financial Corp. Canada and CitiFinancial Canada, Inc. These creditors subsequently submitted fully unsecured Proofs of Claim to the Trustee. Upon review of the same, the Trustee sent letters to the secured creditors reminding them of the settlement offer and requesting that they clarify their position with regards to their claims in the Proposal.

The Trustee subsequently confirmed that both of the secured creditors had discharged their security interest in the Personal Property Registry and admitted these claims as fully unsecured.

The Trustee wrote to the Debtor on two separate occasions requesting that she provide additional post-dated cheques as there were no further cheques on file.

The debtor defaulted under the terms of the proposal on ____ of which notice was given to the creditors on the default and the trustee opted not to annul the proposal. The debtor subsequently made an assignment into bankruptcy on _____.