Consumer Proposals Articles - Archive: June 2010

I have requested a `stop payment` on two loans I have with TD Canada Trust which are automatically paid from my account. The loans, as well as the overdraft on my account will be included in the Consumer Proposal just registered a few days ago, but the bank is refusing to stop the payments, is [...]

We have $58,000 in debt, $41K of which is unsecured credit card/line of credit debt and $17 is an rrsp loan. My husband is working 60 – 80 plus hours a week – basically killing himself for the last 5 years to rectify this but things aren`t really moving ahead at all. I am not [...]

Hello, I am a real estate agent and have just found that I have a garnishment set against me by CRA. If i do a consumer proposal is the order of garnishment frozen once the CP is filed? Posted from: Ontario

When a deliquent credit card account with an R9 is sold to a collection agency, and the collection agent begins reporting on a credit report, what happens when a consumer proposal is filed? Does the original credit card company still vote, or does the creditor vote? If the creditor votes, are they generally cooperative or [...]

Can apply for consumer proposal for a loan that is only in my name if I am married and have other other joint accounts that have debt? Posted from: Alberta

What happens if someone receives an inheritance in the mean-time between their filing of the proposal and the creditors 45 days to accept or reject it? Posted from: New Brunswick

I am currently looking into my debit consolidation. I have missed credit card payments in the last 4-6months as have run into problems with tenants at my rental properties. My morgage and car payments are always on time. But I do have collection agency`s and creditors calling me daily. I am wondering how and who [...]