Consumer Proposals Articles - Archive: October 2009 Page 2

i signed CP papers on Friday, it`s now sunday and I changed my mind. My trustee said he filed them. Can I make request to withdraw them? I feel like I need more time to consider my options, and acted hastily. if not, why is there no `cooling off period`. Posted from: Ontario

I owe about 80K in unsecured debt to RBC and most to CIBC. Have about 15K in RESP for children. Lost my high paying job and now receiving EI. Struggling to make ends meet. Don`t want to go into bankruptcy as it may affect my future in the banking and insurance industry. Is it possible [...]

After a Division I Consumer proposal was accepted by the creditors how long will it take to get its court approval? Also what are the chances that the court will not approve this proposal despite the approval of the creditors? Posted from: Ontario

I owe roughly $83,000 in unsecured debts, spread out as follows…… $23,000 mbna mc, $22,500 rbc visa, $16,500 amex, $16,200 cibc visa, $3,800 td visa & $750 telus cell phone. My monthly income is well below the surplus level and I have no assets. I told my trustee I could afford about $100 a month, [...]

I understand you cannot be a director of a company if you file bankruptcy, what about a consumer proposal? Posted from: Ontario

can you apply for a loan before your consumer proposal is finished Posted from: Ontario

I plan to apply for consumer proposal and sell my house to move into an apartment. Will this affect my application to rent for an apartment or get another mortgage? Posted from: Ontario

Based on the `new` rules of bankruptcy, What would happen if your surplus income went over 1800 for one month? Would you now be looking at 21 months? thanks for your time… Posted from: New Brunswick