Consumer Proposals Articles - Archive: October 2008 Page 2

I`m filing a consumer proposal to deal with some credit card debts. One of the cards is an AMEX which is in my name only. I also have an Amex card which is a supplementary card that my spouse got for me a few years ago. He`s the primary cardholder on this card and has [...]

I`m thinking about going the consumer proposal route on some debts that include a line of credit with my bank. Can the bank freeze or seize my bank account or a joint savings account I have with my spouse? None of the debts that will be in the proposal are joint debts. Posted from: Ontario

I`m considering filing a consumer proposal. I have 65K in credit card debt, line of credit and a personal loan. I have a very secure, high-paying job (90K a year) and am a joint owner of a house (principal residence) with no mortgage and an appraised value of about 400K. Will my ownership stake in [...]

We are just starting the process of a consumer proposal and I am worried about our mortgage. We have an unsecured loan with the mortgage company for 10,000 and a first mortgage with them .Our renewal date is not up in March 2011.Will this unsecured loan have any effect on my current mortgage? I am [...]

I currently cannot meet my bill obligations and am a few months behind. I am considering filing a consumer proposal instead of bankruptcy as I make pretty good money in the winter but most likely will be laid off in the spring for a few months. Would I be able to `bank` an amount in [...]

Is it best to go through someone to obtain a secure card while part way through a consumer proposal; having a third party represent you? Posted from: Ontario

Would filing a consumer proposal negatively affect the prospects of my wife`s employment with the Federal Govt? She`s been offered a contract position which could potentially lead to a full time position. In short would proposals be viewed in the same vein as filing for bankruptucy? Posted from: Ontario

Several Questions: 1) Is bill C-12 in effect now? ie. 250000 consumer limits 2) The house is in my spouses name for a while now…are there any concerns re: Consumer proposals or bankruptcy with this? (no mortgage) 3) She also co-owns a recreational property with her parents, but I may be still on the mortgage? [...]

I have unsecured debts with Td Canada Trust, Citi Financial, and Capital One. In your experience, does TD tend to accept proposals of 25%? They are my main creditor. Posted from: Alberta

Hi, I just completed my Consumer Proposal (did so 6 monhts early) and I have my certificate of Completion now. How difficult will it be for me to finance a vehicle now or should I wait a certain amount of time??? Posted from: Ontario