Consumer Proposals Articles - Archive: July 2008

Can I still travel – one trip per year – if I file for consumer proposal? Posted from: Newfoundland and Labrador

I am married and have found that I have accumalated a debt of 45,000 in my name with out my husbands knowledge. Can I ask for Consumer Proposal myself or does my husband have to be involved. I don`t want to risk losing our home and other assests. Posted from: Ontario

what happens if one person passes away and you have filed a joint consumer proposal. and also if in four years you inherit money or win a lottery for instance can you repay proposal debt or do you have to repay all creitors. Posted from: Ontario

I am currently debating on setting up for a consumer proposal. My husband and I have incurred $50,000 through school tuition, and credit cards. We both have solid income, but cannot meet the monthly payments which are of course only minimum payments. He also has a car loan of $25,000. The lease is up on [...]

Can I obtain a secured credit card `while` I am still in a consumer proposal process (still making payments)? Posted from: Newfoundland and Labrador

I am considering a consumer proposal. If I`m asked by any banking institute during or after the proposal if I`ve ever been bankrupt or declared bankrupt, do I say `yes` (is a consumer proposal `bankruptcy?), or do I say `no` and explain I have made a proposal? Thank you for your help. Posted from: Newfoundland [...]

if i owed 50,000 and submitted a proposal (for personal debts) in hopes for 50% to be paid to creditors, and I do not show a stable source of income (personal income) and the business does. Could the business pay 500.00 per month for the proposal? (for example) Posted from: Ontario

my wife and I (common law). The only source of income in my business of 10 years. How would a stable source of income be calculated from this. We were interested in doing a consumer proposal for the personal side of bills (not business) Posted from: Ontario

My husband and I did a consumer proposal in 2001-2 when we found out my husband had an inoperatable brain tumor and had to go on permanent disability. We completed our payments in 2005 (never missed a payment) and now are waiting the additional three more years so our credit will be restored on Equinfax [...]

I had a credit line together with my wife wich was paid off back in December 2007. After that it was closed. I opened a new line of credit (new account) under my name January 2008. I have a credit card that I am the primary card holder and my wife was teh secondary card [...]