Consumer Proposals Articles - Archive: May 2009

I read that a self employed insurance broker cannot go bankrupt, is the individual allowed to apply for a consumer proposal. If the proposal is not accepted can he apply for bankruptcy and still work as an insurance broker. Posted from: Quebec

I`m half way through a CP and, in fact, I`m hoping to pay it off sooner than expected. It has been one of smartest things I`ve done in years and have even started to save money. I had never missed a bill payment, however, my debt was such that I was borrowing from Peter to [...]

Wondering if I can put my mortgage in someone else`s name before doing a consumer proposal? Posted from: New Brunswick

If I file a consumer proposal will they find out about my mortgage? Posted from: New Brunswick

Do I need to include my wife in my consumer proposal if she is not on any of debt ??? Posted from: Ontario

What happens with inheritances when you do a proposal. If I inherit a house what happens. can they make me sell it Posted from: Ontario

I am thinking of doing a CP. I am scared that after doing this, I will not be able to renew my mortage in 4 years. I only bought my house 1 year ago, so will not have that much equity in it. Will a bank still refinance me after a CP, if I stay [...]

With me going on maternity leave and my husband working for his own company, will this affect us trying to apply for a consumer proposal. We owe around $70,000 in unsecured debt, which includes taxes, line of credit, credit card and GST. Plus we have a car loan and a line of credit that`s secure. [...]

If you are under a consumer proposal in Ontario and have less than 2 years left in payments, in my case. I just sold my house and it closes in a few days, I should be receiving $10,000 and still owe about $8400. Will I have to turn over my proceeds over to my trustee? [...]

What is the chance of my lender (FirstLine) allowing me to port my mortgage while under Consumer Proposal? I`ve recently had my mortgage renewed and am 1 year into a 4 year proposal. The property would be a little less than my current property and I would have enough from the sale to pay off [...]