Consumer Proposals Articles - Archive: 2011

I owe the total of $28000 in credit cards, unsecured debts, and payday loans(2). I work, we are a family of two, my daughter and myself. My daughter is not working, she is a student. I rent, and do not have a vehicle.How much money would be a consumer proposal per month? Thank you. Posted [...]

while in a consumer proposal and you get a reassessment from cra and there is a bit more money owing, how does that affect your proposal. Posted from: Ontario

I have included a medical loan in my consumer proposal who is UNSECURED. Within my contract with this company, it states that they cannot be involved in any proposal or bankruptcy but I was informed that the Bankruptcy legislation takes precedence over it. Is that true? Can they legally pursue me for all $ owing? [...]

If I have a balance of $12,000 left on a creditor proposal that started at $40,000 is there anything preventing me from obtaining a bank loan with a co-signer in order for me to pay off the 12K balance? Posted from: British Columbia

we are filing in January- Working on Budget and it shows balance that will be much more than proposed monthly amount to creditor, but in reality we are stuck now with pay day loans and we are obligated to pay loans and get another one on the spot from monet mart once we get paid. [...]

Hi. I have paid into my mortgage for almost 4 years, which is in excellent standing, and had to file a consumer proposal just over a year ago. My spouse and I are expecting our first child together and have his youngest daughter living with us. We are looking at getting a bigger home for [...]

i just had my consumer proposal annulled can i file for a second one? Posted from: Ontario

i work on commission sales and had a better year in 2011 than 2010. can they take the last 2 years and average out my wages for a consumer proposal? my job in very unpredictable and my trustee said they will let me go bankrupt as they would expect a higher surplus income. any advice??? [...]

i have a mortgage with mbna and i also have a credit card with them. can i lose my house if i do a consumer proposal on mbna’s credit card along with my other credit cards. can they make me pay the full amount to keep my house? Posted from: Alberta

My spouse and I are considering a filing a consumer proposal. We have $50,000 debt with RBC joint line of credit. I have another $14,000 RBC visa and he has $11,000 RBC visa and $8,000 NBC master card. Since almost very thing is with RBC is it a good idea to still file a CP. [...]