Consumer Proposals Articles - Archive: July 2009

My husband and I filed a proposal. Our proposal was excepted by our creditors. Our home was foreclosed on. Now that the house has been sold, can the mortgage company sue us for the difference on the amount owing on the mortgage and the amount the house sold for. Posted from: Alberta

The trustee I am seeing said the fees are $6000, does that seem reasonable? Posted from: Ontario

My husband and I have done a consumer proposal. I found out in a two months i will receive money from the goverment for my disabily….with that money i receive be taken away? Posted from: Ontario

I work in a Bank and also have Credit Card/Line of Credit loans from same bank. If I file for Consumer Proposal how it will impact my job. My salary also come to same bank account, can they withdraw amount from my account. Posted from: Ontario

I am learning about proposals but found court papers inbetween my doors this week.It says I should respond within 20 days..should I contact a lawyerasap & have them respond or should I ? I am scared the proposal won`t be filed in time..I don`t know what to do..I don`t know if i should say I [...]

My husband and I have done a consumer propsal a week ago…I just found out that I am to receive money from the goverment for my disability….I would like to know if I can keep it, or will it be taken away to pay my debts…….. Posted from: Ontario

I only have a year left on my proposal, everything is going well, I`m up to date and saving money. I`m wondering, however, if I`m a little paranoid. The bank I deal with now was not a creditor in my proposal and basically I use it to cash my cheques and as a savings account. [...]

what is the difference between a consumer proposal and a debt settlement? Posted from: Alberta

If you file a consumer proposal or bankruptcy, is your employer and your financial institution informed of this? Posted from: Manitoba

I`am in Ontario and have personal debt of about 180K. I have been in default since March 2007.The amount includes one creditor owed 50K who went ahead and obtained a default judgement. All the other debt is revolving lines of credit and none of the other creditors have made any attempt to collect through the [...]