Consumer Proposals Articles - Archive: July 2010

my husband and i are considering a consumer proposal. we have never missed a mortgage payment and our mortgage will be up for renewal march 2013.. we are with a major bak (rbc) is it common for a bank to not renew a mortgage because of a consumer proposal? what are the chances of them [...]

If I am filing a consumer proposal will I have to include my husbands income in the proposed payment plan Posted from: British Columbia

I graduated June 2002 and am looking at a consumer proposal to put all the debts in order. The collection agency says that CIBC typically does not participate in consumer proposals, just bankruptcies. They are the majority when it comes to my debts to the tune of about $17,000. Does the loan not count against [...]

im about 50,000 in debt and make about 29,000 a year, would i have any trouble getting approved for a consumer proposal, i have missed only one payment? i also have a co signer on my car loan, would they be affected negatively from this? Posted from: Manitoba

Do I have to list all credit cards? I have one that is in good standing and woiuld like to keep it. Posted from: British Columbia

Hi, I`m considering doing a consumer proposal, I`m pretty sure I`d qualify. Here`s my situation. I have approximately 40K in debt-about 20K in credit cards/unsecured loan from CITI financial, 2K from Revenue Canada, and the rest (about 15K) in student loans which are over 10 years old-10K of that is with RBC. I have been [...]

Will a previous bankruptcy (discharged 12 years ago) impact my ability to make a consumer proposal now? Posted from: Alberta

I have an outstanding student loan, graduated in June 2002. I am in a position where I must decide between a consumer proposal or bankruptcy. The collection agency tells me that even after a consumer proposal is completed, I will still have to pay the student loan, whereas, the trustee that I have seen has [...]

My husband lost his job last May (automotive industry) while I was on maternity leave. we`ve fallen behind on our credit card payments and 5 of them were sent to collections. We`ve since paid 2 off and our credit rating is poor. Banks are not willing to give us any loans due to the bad [...]

if you are already bankrupt, and your financial situation changed for the better, can you switch to consumer proposal? Posted from: Ontario