Consumer Proposals Articles - Archive: January 2010

the government has put a garnishment on my wages, if i get a consumer proposal will this garnishment stop? also does the government usually accept consumer proposals? Posted from: Ontario

I have talked to a firm concerning a proposal but they did not mention anything about creditors accepting partial settlements. They basically stretched the full amounts out over 55 months. I retire in 2 1/2 years and at that time I would not be able to meet the proposed repayments. Am I beyond help? Posted [...]

If a proposal is annulled and the debts are reinstated, can the creditors garnishee your wages? Posted from: Alberta

My mortgage is up for renewal in 13months and i have been paying my cp for 1 year now. I`m wondering if my bank will chose not to renew my mortgage now that i am in cp. Most of the money i owed was to the same place that i have my mortgage, will this [...]

I am indebted to a bank in the amount of $27K. If through the help of a Consumer Proposal by a trustee, it will be arranged that I pay half- about $13.5K, how much will I have to pay my trustee?? Posted from: Ontario

I was just looking at my paper work for my consumer proposal i filed a year ago and have noticed that some of my assets have changed. will this effect me in any way? Posted from: Alberta

How will my mortgage be affected if I am joint with my spouse and they wish to file a consumer proposal? Will the bank be able to close our mortgage, or can I be forced to sell my home? Posted from: Alberta

My husband and I have accumulated approx $70,000.00 in debt! Due to circumstances he is on WSIB and I collect CPP disability. I want to know if I can do a consumer proposal for the debt that is in my name only? That would be approx $30,000.00, but I am also included on one joint [...]