I owe $150,000 and earn about $4000 net per month. I was considering a consumer proposal as the interest on my credit cards are high and it would take many years to pay this debt off. My trustee told me I would have to make 60 payments of $1800 which may get accepted by the [...]
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- Did Your Creditors Agree to Your Proposal?
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- Consumer Proposal Debt Limit
- A Glossary of Consumer Proposals Terms
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- Are Consumer Proposals Often Refused?
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Consumer Proposals: Negotiate with Your Creditors and Avoid Bankruptcy
Consumer Proposal is a way to negotiate with your creditors about paying off only a portion of your debt, and an effective way to avoid bankruptcy. Here you can find answers to your specific questions about Consumer Proposal - the most often opted for alternative to bankruptcy.
To learn more about this popular debt management solution, please choose one of the following:
- What is a consumer proposal?
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- E-mail your questions to a trustee near you
- Request a free individual evaluation to find out if consumer proposal is right for you
- Find a licenced trustee to help you file a consumer proposal. The initial consultation is provided at no charge.
For questions on consumer proposals and related topics, trust the experts at Bankruptcy Canada!
The latest Consumer Proposal related questions, with our experts' responses:
Posted on Friday, January 27, 2012
posted by Questions @ What happens to any amount not settled in a consumer purposal when there is a co-signer? Also, can someone who has filed a personal purposal also file a seperate purposal with their ex for a joint debt the ex accumulated alone? Posted from: Alberta
Posted on Tuesday, January 24, 2012
If I file a consumer proposal in 2012, and I do my taxes for the tax year 2011, am I eligible to keep the refund? Or is it forfeit? Posted from: Alberta
Posted on Tuesday, January 24, 2012
I was a fool and maxed out my credit cards because my husband had gambling debts. It is extremely difficult for me to keep up with all these payments. My credit rating is excellent. What should I do to maintain my excellent credit rating? Posted from: Quebec
Posted on Monday, January 23, 2012
I am employed by Scotiabank right now, but hours were cut and have been struggling for a while. As Soon as I found out I have been going on interviews for another job and have been offered a new position but it won’t start till March. I took your advice and contacted HR at Scotiabank [...]
Posted on Monday, January 23, 2012
I owe about 60 k in credit card debt..as a ballpark how much will I be expecting to pay if I follow up with a consumer proposal? Thank you Posted from: Ontario
Posted on Monday, January 23, 2012
It has been mentioned several times on your site about proposals being accepted based on one third repayment. Is it one third of all debt or do creditors look at it as one third after trustees fees? Posted from: Ontario
Posted on Thursday, January 19, 2012
Being a licenced holder to sell mutual funds and other securities, and willing to file consumer proposal, since i have accumulated unsecured credit. How consumer proposal would affect my employment, since i have been working for financial industry banks. I also owe some money to my employer on credit card/loc. Pl advise me the best [...]
Posted on Wednesday, January 18, 2012
i just wanted to share this with others who owe cra money and want to make a consumer proposal. if cra is the deciding vote ( i believe if they are owed over 67 percent of the outstandind debt )…if you give anything less than 100 percent they will bankrupt you. i found out the [...]
Posted on Sunday, January 15, 2012
From your experience, how TD canada trust handle proposal? Are they as tough as RBC by refusing most of them? Posted from: Ontario
Posted on Thursday, January 12, 2012
