Consumer Proposals Articles - Archive: November 2008 Page 2

I am entering into a consumer proposal… My student loans have not reached the point where they could be included… My consumer proposal is for 48 months… Do I have to keep paying for it when my current interest relief period is up or does it stay inactive until after my proposal is completed? I [...]

I am in the process of a consumer proposal (meeting on November17/08 to see if proposal accepted by creditors). I have a leased vehicle with GMAC and I CANNOT afford the payments anymore. I have made one payment since I signed my consumer proposal. What happens if I stop making the payments NOW? Does the [...]

If I am thinking of a consumer proposal does my spouses assets/income need to be involved in it or can I apply for this myself on my own for my own debts??? Posted from: Alberta

Hello, I have a tenant that I evicted that owes me unpaid rent. I understand he has filed a Consumer Proposal to his other creditors. How do I get included into his Concumer Proposal? I unfortunately don`t know where he now lives and only have a cell # to contact him. Thanks, Posted from: Ontario

My wife and I have personal loans and debts we cannot service. I lost my job and her business is failing. We are contemplating bankruptcy or a consumer proposal. We jointly own a residential rental property as well as our own residence. We have a mortgage on the rental property that is higher than the [...]

How much does a consumer proposal cost if it is ultimately rejected by the creditors? Posted from: Ontario

My bank (CIBC) is currently putting together a proposal for all CIBC-Debt (Line of Credit, Visa, Overdraft). If after entering into a consolidation agreement with CIBC, can I then file a Consumer Proposal for all `external` debt without disrupting the agreement with CIBC? Posted from: Ontario