If the terms are not fulfilled with, the creditors and/or trustee can terminate it
Usually under composition by order of the Court. This is due to the fact that the composition cannot proceed without injustice or undue delay to creditors. By non-compliance or misinterpretation by the former bankrupt.
Please note that the Section 73 Proposal has terms and guidelines that the trustee can enforce compliance in the event of default.
Lastly, the person can be bankrupt again if the person does not perform in their role of the agreement. This will result in termination of the agreement. Once all parties have completed their roles and responsibilities, the Section 73 Proposal will come to an end.
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