Consumer Proposals Articles - Archive: February 2009 Page 2

Hello….my husband and I have $76,000 of unsecured debt, I am the only one in the household with a job or income, are the payments for the monthly consumer payments based on income? We are just trying desperately to hold on to our home….. Posted from: Ontario

What happens if cra refuses consumer proposal for small business and other creditors vote yes? Posted from: Nova Scotia

I am divorced and cra was holding proceeds from the sale of our home in trust until the taxes were complete. I am now in a position to make a proposal. I have 2 small children and have received NO child support in a year and a half. Do I have to offer all proceeds [...]

Although the consumer proposal has been paid in full, I am still req`d to complete 2 debt management counselling sessions to satisfy the terms of the proposal. However, I cannot find out where to get these sessions. I originally worked with an insolvency counsellor at Perth Huron Family Services, and have left numerous messages for [...]

I am separated from my wife who lives in BC. We have a joint Bank account that is overdrawn in BC. as well as and unsecured Bank Loan co signed by both of us and a Credit card each, on one Mastercard account( She never cosigned the application nor ever used the card).Can you please [...]

Hi. My wife and have over $120,000 of unsecured consumer debt and are exploring Consumer proposals. Are we able to do a Joint Proposal with a combined threshold and not have to do Div 1? Posted from: British Columbia

My spouse is preparing to declare bankruptcy. I am filing a consumer proposal. My husband and I finance a truck through RBC (joint account). I understand that RBC has a policy to seize vehicles if bankruptcy is declared. Would this be the case in our situation (I am doing a consumer proposal)? Posted from: Ontario

I filed a consumer proposal 18mths ago, and my morgage on my house comes up for renewal in a few months (I have never missed a payment), how will the proposal affect my morgage renewal?? Can I lose my house?? Posted from: Ontario

I am looking at having to file a division 1 consumer proposal and if not approved than i will be bankrupt. My husband and i both need to do this. If we go bankrupt separately can we keep both vehicles. We are financing both and still owe more than the vehicles are worth. Do most [...]

What happens to co-signers when you do a consumer proposal for the line of credit that they co-sign on? Posted from: Ontario