Consumer Proposals Articles - Archive: 2007

Hello, I need your help, I currently owe 82000 in unsecured and secured debt. This 82000 includes a secured loan on my car. I am not over 75000 on unsecured but when you combine both I am. I am about 64000 in debt with unsecured visas and credit lines. Is […]

Good day. I have a secured car loan with 24 month term remaining. Unfortunately, I will be filing for a consumer proposal or bankruptcy in 2008 as my overall debts are becoming unbearable.
My car is worth about $6000 but it`s very reliable and I would like to keep it. Would […]

Hi, can you please tell me how much it will cost me to consult someone about the Debt Management Plan. Does a Consumer Proposal cost me also? Thanks

My Consumer Proposal will be filed with the next two weeks. I would like to start 2 savings accounts. One for expenses that will only come up every 2nd month or more, and the other for long term savings. Is there a limit to the amount that I can have in these […]

How will it effect my repayment amount if I make alot less than at the time of filing.

I currently have a bank loan for a van. I can afford to pay the monthly loan payments based on a budget that I`ve prepared for myself. However the fuel economy is horrible and I am an on-the-road salesperson. My husband (soon to be ex) wants to take over the van payments. […]

I have recently decided to make a consumer proposal. I owe approx. 80k. Should I try to pay my debt down to 75k so I can make a standard consumer proposal? What are the advantages and disadvantages of making a standard consumer proposal vs. a proposal for over 75k?
Thanks

I filed the consumer proposal in 2005. I am recently pay off the whole amount.
My question is :
How can I rebuild the credit ?
Any other option ? e.g. deposit a lump sum amt of money to get a credit card to rebuild a credit.

I have requested a credit report post fulfilling the requirements of a consumer proposal (early). It is being called a bankruptcy by some of the companies (although at the end of the credit report it does state that a consumer proposal was filed and fulfilled) and some of the old debts are listed as […]

I am in a consumer proposal with a trustee, if I am going to file bankruptcy in another trustee, in other words, switch to another new trustee, am I allowed to do so?