Consumer Proposals Articles - Archive: April 2009

I had a serious gambling addiction for several years. I admitted myself to seeking help and realize my problems and behaveour. I started getting help 2 months ago, have not used any credit since, and have made my payments, only because I had some income tax money to get me threw that period for living [...]

I claimed bankruptcy in 2002, have been discharged – but my studen tloan debt survived. I am a mother of 3 (single) and cna not keep up with the demands for the 32K owing on the student loan. Plus I have other debts due to my relationship ending. a total of approx. 48K owing. Am [...]

Hi We are considering a consumer proposal or bankruptcy. We have a child with a disability. We have recieved through various methods funding to pay for our childs many therapies. The money is held in a seperate bank account for his use. He is a minor and the account is in his mother`s name. Would [...]

Hi and thank you for your wonderful, informative site. I was hoping you could provide some insight into my situation. I have a car lease thru Toyota Credit Canada. Due to a couple of accidents I was involved in, my insurance has been cancelled eff. May 15th, and my only option thru Facility would cost [...]

how much are the standard fees for a consumer propsal ? Posted from: British Columbia

My husband and I are currently preparing to file a Consumer Proposal and we have a variable rate mortgage on our house. The bank which holds our mortgage also happens to be the bank which we owe the most debt to. Will filing this proposal effect my ability to fix my mortgage rate at a [...]

Hi, I have about 55 000$ in various credit cards debts (about 5-6 cards). I have always payed my credit cards and loans on time and never been late in my whole life and i have no past derogatory credit history. My problem is I am in heavy debts and my salary is not high [...]

I am a 54 yr.old widow of 16 yrs.. I live on a widows pension from the federal superannuation group, as well as a small CPP pension from my husband. The total of both is $1357. mos. total. I have been unemployed now for 1.5 yrs. I am paying several contract bills per month, that [...]

Do they take your home when you file for bancruptcy? What exactly is equity. Is it the amount your home is worth? or is it the amount you have paid down? I have a $340,000 mortgage and I owe $340,000 on it. Can they take my home. Can they take my home if I just [...]

My question is: If all the debts are joint can one person file for a consumer proposal or does it have to be in both of the names? We would like to avoid having to put my spouse`s name so that one of us has some credit left. Thanks, Posted from: Alberta