Consumer Proposals Articles - Archive: February 2010

Do you lose your RRSP`s. LIRA`s and any other pension money through a consumer proposal or bankruptcy? Posted from: Ontario

I have approx $100,000 in credit card debts, which are all 6 years old and have all passed the statute of limitations. Only about $30,000 worth of the debt was taken to court and awarded a judgment against me. I want to file a consumer proposal to get rid of the judgment debts, but I [...]

Which is better to fix the credit faster Consumer Proposal or Debt Settlement? How it effects credit? How long both of these stay on record? Posted from: Ontario

After the proposal has been accepted, about 65 days. I would like to take a 2500.00 RRSP to help with 2009 taxes. Is this a good idea? Posted from: Ontario

if i choose to walk away from my house,can cmhc still come after me if there is a loss on the house after they sell it?i was informed it could be included in a proposal and i was also told that after i am finished with my proposal cmhc then could come after me Posted [...]

Why do you think that Consumer proposal is better then Debt Settlement? How would both impact on my credit rating or score? How long will it stay on my credit report? Posted from: Ontario

My ex and I are going through a divorce. Both our names are on the title of the house and on the car. I no longer make the mortgage payments but he continues to do so. He does not pay my car payments but I do. Given the amount this divorce has cost me, I [...]

Are RESP`s for the children affected from a Consumer Proposal? Are they taken? I know they are liquidated in a personal bankruptcy, but what about a CP? Posted from: Ontario

I have a business, it is incorporated, if I file a proposal for my personal debt will it affect my business or my business bank accounts, I own this business with my spouse Posted from: Ontario

i had a propsal approx 3 yrs ago now i am in debt again are you able to do a propsal again? Posted from: Ontario