Consumer Proposals Articles - Archive: February 2007

I have a nearly perfect credit rating (I missed a payment about four years ago, when I forgot to pay a bill – R2 rating.) My credit has been good because I’ve been advancing money from my credit cards and lines of credit to make my payments. I have enough credit available to do this [...]

I have a number of credit cards and lines of credit. I owe about $55k in total. This amount built up steadily over several years. I would like to make a consumer proposal, but I recently paid off a $10k line of credit at one bank with money I advanced from a card at another [...]

I recently read on another bankruptcy related web site that is was getting increasingly difficult to get the CRA to accept consumer proposals for income tax debt. Do you agree with this ? I’m a bit worried because I owe a large sum to the CRA (50K+) and want to file a proposal, I don’t [...]

I have read on here that it is difficult for a Self Employed person to have a consumer proposal excepted versus an employed person? I am in financial trouble due to a combination of Job Loss – Business Failure and relationship breakdown. A real mess. I owe alot of money – over $400K unsecured and [...]