Consumer Proposals Articles - Archive: March 2010

If you jointly own a home, and only 1 person is contemplating a proposal, can outstanding property taxes be included in the proposal Posted from: Ontario

We are a married couple with income over $140K per year, we have about $80,000 in consumer debt a monthly mortgage of $3300 including taxes and 2 car leases of approx $1,535.00 per month. We have tried a HELOC with the bank and it was approved but not by CMCH as our area is brand [...]

if i have equity in my house but i want to do a consumer proposal do i have to sell my house? Posted from: Ontario

What if during the process of a consumer proposal I receive a substantial inheritance?? Posted from: Ontario

Are Whole Life insurance policies considered assets? Posted from: Ontario

my wife and I are seperating , we have an accumulated debt of $75,000 we have a home with a $256,000 mortgage at 90% of value and also 2 vehicles we owe 18,000 which are probably worth approximately 12,000 is it possible to do a consumer proposal as we have been bankrupt before 15 years [...]

I`m considering to do a Consumer Proposal. My monthly salary is about 2300 per month. I`m a single mom with no support and two young kids. I`ve bills over $60,000. I got into a car accident about two yrs. ago and may receive some money from my car accident case. Will I lose this money? [...]

WHAT IS THE AVERAGE DEBT PERCENT FOR A PERPOSAL? between 0 and full debt owing on credit cards Posted from: Ontario

i have been paying $250 a month for 13 months plus the an up front fee of $1000.00 for an accepted proposal , i am finding that it is my house and all the bills that go with it are too much..can i change from the proposal to total bankrupty..even if i sell my house [...]

If I make a cp based on a $4000/month income and a payment of $1000/month for 60 months to the creditors, what if I ended up making $6000/month? Do I have to give up the extra $2000/month as additional repayment to the creditors? Posted from: Ontario