Consumer Proposals Articles - Archive: 2010 Page 2

In consumer propasal what is the average the credit card companies would take. In full bankruptcy they would get 30% from me. I could redo the house mortage now and get they 20%-25%. now and the remainder over two years. That said i don\’t want to go thru the work only for them not O.K [...]

I had an accepted and completed successfully a Consumer Proposal in the mid 90\’s. Is now filing for Bankruptcy in 2010 considered a 1st or 2nd Bankruptcy under these these circumstances? Posted from: British Columbia

Last month I purcahsed car with full financing. If I file for consumer proposal next month, will I still be able to keep my vehicle? I am up to date on all the payments. I \’m concerned that this recent purchase and now proposal will look bad to my creditors and possibly they could say [...]

If during my Cunsumer Proposal I come in to a large sum of money can they come after me for it, or is it all mine to put in a savings account or whatever I want? Posted from: Ontario

I have been served with legal papers to repay a line of credit. Can i still do a consumer proposal? Posted from: Ontario

I currently have a debt management program that I am finding difficult to keep up with. If I approach a trustee what do you think the chances of my creditors accepting a proposal for less than I am paying them now is? Posted from: Ontario

I am married. I have also accumulated roughly 30,000 of credit card/personal loan debt in my name. I also have unsecured debit jointly with my wife. I can affored to pay the joint debt based on current income, ect, but I think that I will be falling behind shortly in my obligations on the unsecured [...]

I have $25,000 in CC debt with one bank. What can happen if I stop payments and never pay them back? I moved to America, got married (with name change) and plan on adding citizenship (dual CA-US). Will my family be harassed? Should I do a consumer proposal of 50% reduction for a 30% one [...]

I am wondering if I could apply for a consumer proposal if my name is on a company. My debt is personal and not company related. My name is on the company papers because I look after the payment of the bills and general office work. however I rarely recieve money through the company. Posted [...]

My husband and I have a joint low interest credit card (6.25%) with a balance of $26,000 and an even lower interest LOC (4.25%) with a balance of $25,000. He also has an RRSP loan of about $17,000 (3.25%). We barely break even each month paying the min pymts on these as we are single [...]