Consumer Proposals Articles - Archive: May 2009 Page 2

I am doing a consumer proposal and I have recently lost my job. I did get a severance package and I am wondering to my creditors take that away from me? Posted from: Ontario

why can the trustee say no to a proposal Posted from: British Columbia

I am thinking about applying for a Consumer Proposal. My mother has co-signed for my mortgage and a Line of Credit. Can I exclude the Leine of Credit from the proposal? Will this affect her credit in any way??? Everything else is in mine and my husbands name. Posted from: Ontario

My husband and I are going through a consumer proposal at the moment as of Nov 09 we will be finished. My problem is between the both of us we owe rca $21,000.00 for the tax yr 08.We already paid in $14k which leaves us a balance of 21k owing for the 08.I should also [...]

who can prepare my settlement offer and attorney or banktrustee, I`m willing to offer my unsecured creditors a lump sum settlement between 5-15% Posted from: Ontario

My husband lost his job since 2006 and it has been very difficult to find a stable job. He had a few part-time jobs but because it does not have the minimum # of hours, he can file for an EI so we are relying only in one salary. And because of that we maxed [...]

Hello, I am in my late 60`s and just recently lost my job. I have a pension and am wondering whether a pension is considered as an income when filing a consumer proposal – in the fact that I would be able to file and have the proposal accepted with only using my pension as [...]

If i file a consumer proposal as a way to pay off my credit card debt is there any way my home could be at risk? I got one of the last 40 year morttages in 2007,I paid 370,000 with no money down, and borrowed cmhc fees, so I actually owe more than I paid [...]

I am about to finalize my Division 1 proposal and recently received a credit card in the mail that I had applied for prior to starting this process. This card is not part of the proposal and was applied for in desperation for extra money but when I hadn`t heard from the company in over [...]

If you haven’t yet paid what an accepted proposal states…can you still apply for credit? I was told by Wells Fargo, that it was a breach of a proposal to seek a loan if the proposal amount wasn’t paid. Posted from: Ontario