Consumer Proposals Articles - Archive: 2011 Page 2

I have a car lease with a car company and their financeer is Scotia Bank. I currently have accumulated $44,000 debt with my bank ie: credit card and line of credit…that I was needing to file a consumer proposal for along with other credit cards. Will my lease be cancelled or with I be able [...]

Do I need to hire a Trustee to file for Consumer Proposal? Can I file for consumer proposal by myself without having a trustee in the middle.? Please advise Posted from: Alberta

Because various financial institutions set their monthly minimum credit card / line of credit payments differently, how can I ensure that I am not accused of favoring when paying one creditor over another? For accounts with similar balances owing, one company would ask a minimum payment of $50 (interest + $10) while another would require [...]

We are thinking about filing CP and we will stop making minimum payments- Can you please expalian the process of garnishment and how long it takes for a creditor to garnish wahes? Thank you Posted from: Ontario

What is the cost to a consumer proposal Posted from: Ontario

I work for a bank and have to list a visa with them in the proposal. Can they fire me for this ? My mortgage and LOC is also with them but secured. My pay is directly deposited into my act and my mortgage payments come out the same day. I have never missed a [...]

I am kind of worried that if i file a consumer proposal its going to effect my wife credit since we just got married. Can i keep her out this i see they require her income information for some reason. My debt is my debt not hers and wish to protect her from anything should [...]

I presently live in Quebec and moving to another province in the new year, can I do a proposal in the other province or should I make a proposal before I leave Quebec. Posted from: Quebec

My husband and I will be filing a consumer proposal. Our 7 year old used car is near the end of it’s life and is costing us a lot in repairs. The car is vital to earning income and will need to be replaced. We own an older Acura that costs more to run but [...]

Hi, Once I file for a consumer proposal, will any of my creditors whom I bank with have the right of offset if I am still current on all my obligations? Or will seizure of funds only be for those with already past due credit products? I am already considering opening an account at a [...]