Consumer Proposals Articles - Archive: April 2010

Is there a minimum salary requirement to enter into a consumer proposal? Posted from: British Columbia

can I get a consumer proposal if I have equity in my home but my parents are on the morgage and won`t sign for remorgaging Posted from: Nova Scotia

I am renewing my mortgage and was wondering if i was able to add the remaining portion of my consumer proposal to my new mortgage. I still have 3 and a half years of payments remaining and if i was able to add it to my mortgage would my proposal be complete? Posted from: Ontario

are you allowed to keep credit cards before and during consumer proposals of you do not owe any money on the card before the consumer proposal. Is the trustee obligated to take your cards before the consumer proposal. Posted from: British Columbia

can i still get a consumer proposals if i am with another credit advisors company?right now i am with shield credit advisors but i am still paying 350 a month.210 bi-weekly and 140 bi-weekly but i am still having trouble making my payments.so im thinking that personal bankruptcy might be my best solution. Posted from: [...]

My husband and I owe about $50000 in credit card debt. We have no real assets except for a couple of older cars but both make a decent income. We are currently paying the minimum due, on time each month and have been for sometime. Unfortunately we don`t have extra $$$ to set aside for [...]

We are considering Consumer Proposal over bankruptcy. I have a Pension (locked in) that I might be able to cash in due to financial hardship. That amount would cover the monthly payments proposed. Would the deal then be closed early instead of over 5 yrs? How do the creditors view this? Thanks Posted from: British [...]