Consumer Proposals Articles - Archive: 2007 Page 2

I filed a proposal which was completed in BC in June/2007. In my proposal was included a loan from citifinancial for $10,000 (my household furniture (3 items) were used as collateral. The proposal showed $8,000 unsecured and $2000 secured (my entire household asset were $2000 including 3 itmes). I had told the trustee that i [...]

Reading on Consumer proposals, we have a joint situation where myself, wife and mother in law purchased our home together. We have about $30,000 equity in the house. We have $88,000 debt together. We don`t have enough equity to consolidate, but also don`t want to go bankrupt and lose the house. Our combined annual is [...]

I files a consumer proposal in March/07 and it was paid in full in May/07 (3rd party helped with 1 time settlement. i understand that a proposal stays on for 3 yrs. Recently my credit bureau shows creditors reporting the debts (inclued in proposal) as R9 in oct/nov 2007. When will these R9`s come off [...]

We are considering either a consumer proposal or bankruptcy. We will meet with a trustee in Quebec. Unfortunately, a few years ago my father co-signed our mortgage because it was abit over our `heads`. Now this reality has bitten hard! Q: Since we have no equity built into the house, it sounds from all info [...]

Hi, Thank you for your wonderful site – so very informative! I am now three years into a consumer porposal and have experienced no diffulties with the monthly. I own a home that has some equity in it and I am considering cashing out some of that equity. My questions: 1. Can I cash out [...]

how long after you have made all the payments in a proposal before you can get credit again. I want to purchase a house.

I am currently in a consumer proposal (DIV I type) that will last another several years. I`m self-employed and have a sole proprietorship. My client is requesting that I get incorporated. Is it possible to for me to incorporate while under this proposal? I do not have any employees.

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?