Consumer Proposals Articles - Archive: October 2007

When I file a Consumer proposal and there is a wage assigment from my Credit Union, can the Credit Union have my employer submit 20% of my net pay to recover the debt? This is in Ontario. Can the Credit Union sieze and sell the security AND file the wage assignment with my employer? Would [...]

I just start a 36 months $700 monthly consumer proposal in Oct2007. My BMO mastercard is also included in this consumer proposal, the balance is $5000CAD. I am the primary card holder of BMO mastercard, my sister is the secondary card holder of BMO mastercard, but she had never used any money in this credit [...]

i stopped paying towards my consumer proposal 5 months before i was done. now is 13 months after the fact and bell, and visa are calling. im so scared. i dont know what i can do now? will anyone trust me to pay them on a payment plan again?

If I am in a 36months $700 per month consumer proposal, assume that I encounter personal income change (reduce income, permanent financial difficults) at 10th month of this consumer proposal, when I contact my trustee, will trustees help me to negotiate with creditors again to change the term and payment of this consumer proposal? Let`s [...]

I want to make a consumer proposal within the next six months. I just started a new job. Will my creditors consider six months employment stable income? Thanks

I have rrsps I cannot access because they are locked-In. Is there anyway bankruptcy trustees can access this money to pay creditors in lieu of going bankrupt in NS

Can US debt collectors collect monies after Filing of a Consumer Proposal in Canada? and if so what happens if i do not pay them? i am a resident/legal resident of Canada but not the US. thanks

If I make a proposal to my creditors and it is accepted, and at some point in the near future I need to replace my car (paid for), is it possible to get a lease or loan to buy a new one?

When I make a Division I proposal can my spouse agree to make part of the payments as a loan to me? I owe about 170,000 and make about 1400 dollars per month.All the loans are in my name only. With that kind of income I probably cannot make a Division I proposal on my [...]

Good Afternoon, I have been paying my consumer proposal for one year now. Am I able to start rebuilding any kind of credit while in a consumer proposal? I have 3 years of payments left.