Consumer Proposals Articles - Archive: October 2008

Can you take any legal action towards a trustee or an administrator for giving you misleading or wrong information at the outset of your proposal? Is there any recourse one can take? Posted from: Ontario

I let my consumer proposal get annulled after a year… One of my debts(Money Mart) didn`t respond at all to my proposal…and my Trustee told me because of that I no longer owe them money. Now sense my proposal is annuled…Money Mart are coming after me for the money i owed them. I can`t find [...]

My wife and I are looking at entering into a Consumer Proposal in the new year. We are wondering if it is a good idea to refinance our mortgage now to a 7yr term (get 8k in equity back) so that when a 4yr proposal is complete and a 2yr re-establish is done our mortgage [...]

I paid off a 54 month proposal in 2 years (last payment was April 2008). I would like to apply for a mortgage now. Although the CP will show up on my credit rating, is there any reason why I could be refused a mortgage? Will the fact that I paid the CP and have [...]

I am trying to re-lease a vehicle and have been declined as the auto manfature says that it is against the law to re-lease to me Your help is appreciated. Posted from: Ontario

I would like to know what happens with ainvestment account in the case of consumer proposal or bankruptcy ?Could be kept open and use it? Posted from: Quebec

I read somewhere in this site someone else who was asking about this- that you can still apply for a Secured credit card during a consumer proposal. My question is, will having this credit card help my credit get a head start on the re-building process? or will having this card only really help me [...]

I am about to file a consumer proposal without my husband. All of the debt is mine and it is very important to me he not be affected. My problem is that we have one joint bank account (CIBC) and one joint credit card CIBC (no balance on it so it is fine) but what [...]

Will I have a problem renewing my mortgage while I am in my consumer proposal? I just started my cp and my first mortgage renewal is not up for 3 more years and my second is up for renewal in 2 years. Also because I had an unsecured loan with my mortgage company , will [...]

How long do I have to wait after I have filed a consumer proposal to apply for a secured credit card? I travel alot for work and need to have something to hold reservations. Posted from: Ontario