Consumer Proposals Articles - Archive: September 2008 Page 2

Although bankruptcy would be a viable option for me, I would much rather do a proposal. My question is, would creditors accept a proposal as low as .20 cents on the dollar? Over 5 years this would be $18000. According to my income, a bankruptcy would only result in a payment of about $1800 over [...]

I have taken ill, I`m a disabled worker and going through recovery. I am not able to pay my monthly line of credit in full nor on time, which includes my bills. I lost my job but have found another. If I did a Consumer Proposal, and it was accepted by the creditors, and after [...]

Can i loose my house under a consumer proposal, if my bank that i have my mortgage thru is also owed money like a personal loan and line of credit. My house is apraised at 143 000 and i owe 142 500, so their is no equity in the house for the bank to take. [...]

I had a bill go to collections but it was part of your consumer proposal. Will purge from the system three years from the date of the consumer proposal? Or Will collection account remain on your credit report for six years as a collection account? Posted from: Ontario

How much does the trustee charge to prepare the credit proposal. Posted from: Ontario

Can student loans be included in a consumer proposals? Posted from: Alberta

I owe money in Ontario but now live outside Canada. I am in collection and Nor-Don is calling. Can I negotiate with them to repay the money? Posted from: Ontario

what is the difference between a Division I proposal and a consumer proposal? Posted from: Ontario

I co-signed for a car a little over two years ago. the person whom i cosigned for is no longer making any payment. He is very difficult to find and even if i were to sue him it would be hard to collect as he gets paid in cash (when he is employed). i am [...]

Our mortgage is up for renewal in march 2010 but we are in debt management program until June 2010. Are you going to have a hard time renewing if all our payments are up to date with out mortgage and also with other creditors i.e. car payments, etc.? Posted from: Ontario