Consumer Proposals Articles - Archive: November 2008

I have a lease for my car and now unable to continue paying full amount. How does a consumer proposal affect my lease? I do not want to loose the car. Posted from: Ontario

What are the fee rates for trustees for managing a Consumer Proposal in Ontario? Posted from: Ontario

Are there `duties` associated with the acceptance of a consumer proposal as there are with filing for bankruptcy ? And what might they be ? Posted from: British Columbia

In a consumer proposal do the payments have to be monthly? My income is very tight without my debts due to alimony payments to my ex and I am not sure I can pay a monthly payment of any real substance however every year I do get a large income tax return. Is it possible [...]

A person who filed for bankruptcy is called bankrupt. A person who submits a consumer proposal is called ? Posted from: British Columbia

I am considering entering a consumer proposal. My student loan debt is about 38,000 and are not able to be discharged until Aug 2011. I have under 75,000 debt at present (including student loans) and was thinking I would enter a three year consumer proposal (I`ve been told about 700/month payment) and then consider filing [...]

Is one rquired to submit monthly statement of income and expenses during a consumer proposal like in bankruptcy? Posted from: British Columbia

I am in the process of doing a consumer proposal joint with my wife. I understand that their are chagnings coming for the Consumer Proposal. Will it be better for me to start the proposal now and hope that I can still take part under the old provisions or should I wait and do it [...]

My total personal debt is $90000. Am I eligible to file a consumer proposal rather than filing for bankruptcy? Posted from: British Columbia

I was eligible for an orderly payment of debt in the province of Saskatchewan, this was over 10 years ago. I did not go through with it instead I paid up my debts in full and have about 4000 to go. I have not seen this in my credit report. do I have to contact [...]