Consumer Proposals Articles - Archive: January 2011

My husband and I filed for a consumer proposal once before and now with job loss and lack of being able to find work we are finding ourselves in the same position again. My question is…is it harder to get your credit back the 2nd time filing a proposal? Or will it work the same [...]

May I include Student loans in a consumer proposal If I\’ve been out of school for more then 7 years ? Posted from: Nova Scotia

will a consumer perposal remove judgements. Posted from: Ontario

What is the standard or typical percentage debt is reduced when filing a consumer proposal? I have had an initial meeting and was told my debt would be reduced by 50%, but I have read on many websites that it could be reduced to 30%. Why would the trustee tell me that? Posted from: Ontario

I DID A CONSUMER PROPOSAL IN 1995AFTER MY SEPARATION CAN I FILE ONE AGAIN 16 YEARS LATER Posted from: Ontario

can i do a consumer proposal if i was a straw buyer or do i have to claim bankruptcy Posted from: Alberta

What happens if I receive an inheritance, or tax refund (or other income) after a consumer proposal? Am I required to use it against the debts? Against the consumer proposal? Posted from: British Columbia

I consulted bankruptcy trustee here in winnipeg . i am in deep financial situation, so i was thinking of offering a consumer proposal to all my creditors rather than filing bankruptcy, but upon assessment, she said my household income is shortfall by the province\’s standard. My household income is 3800 (family of 5), total expenses [...]

I have a full time job but have about 35,000 in debt (including my car loan). I am able to put money on my debt every month but it is VERY tight. I am wondering if because I put more than the minimum payment on my debt every month if a consumer proposal would be [...]

I file for a consumer proposal in 2010, can I claim it as a tax deduction Posted from: Quebec