I have a business, it is incorporated, if I file a proposal for my personal debt will it affect my business or my business bank accounts, I own this business with my spouse
Posted from: Ontario
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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.
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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 Saturday, February 6, 2010
posted by Questions @ i had a propsal approx 3 yrs ago now i am in debt again are you able to do a propsal again?
Posted from: Ontario
Posted on Saturday, February 6, 2010
will a bank overdraft on my bank account be apart of my consumer proposal???
Posted from: Ontario
Posted on Thursday, February 4, 2010
i have about 19000 in unsecure debt and I recently got married will doing a consumer proposal affect his credit ?
Posted from: New Brunswick
Posted on Wednesday, February 3, 2010
Hello,
I have been reading all the questions and am a little confused as to the fees.
I`ve read that… `The prepartion fee is $1,500 and then your trustee will receive 20% of any money distributed to your creditors`.
With the 20% issue, wouldn`t the trustee want to make me pay back as close to 100% as […]
Posted on Monday, February 1, 2010
the government has put a garnishment on my wages, if i get a consumer proposal will this garnishment stop? also does the government usually accept consumer proposals?
Posted from: Ontario
Posted on Thursday, January 28, 2010
I have talked to a firm concerning a proposal but they did not mention anything about creditors accepting partial settlements. They basically stretched the full amounts out over 55 months. I retire in 2 1/2 years and at that time I would not be able to meet the proposed repayments. Am I […]
Posted on Tuesday, January 26, 2010
If a proposal is annulled and the debts are reinstated, can the creditors garnishee your wages?
Posted from: Alberta
Posted on Wednesday, January 13, 2010
My mortgage is up for renewal in 13months and i have been paying my cp for 1 year now. I`m wondering if my bank will chose not to renew my mortgage now that i am in cp. Most of the money i owed was to the same place that i have my […]
Posted on Wednesday, January 6, 2010
I am indebted to a bank in the amount of $27K. If through the help of a Consumer Proposal by a trustee, it will be arranged that I pay half- about $13.5K, how much will I have to pay my trustee??
Posted from: Ontario
Posted on Monday, January 4, 2010
