Consumer Proposals Articles - Archive: 2012

If I do a consumer proposal, I know that I must give up all credit cards. My question is: If I have two secured credit cards with no balances on them at all and $1000 deposited at 2 differnt banks to secure them, must I give them card up? Posted from: Alberta

I have both a line of credit at 15,000 and a M/C card at 18,000 but have 15, 000 of RRSP’s backing the line of credit. So do i cash in the RRSP’s and take a tax hit to cover the Line of credit and then do a comsumer proposal towrds the M/C card or [...]

If I file a consumer proposal, what happens when my mortgage comes up for renewal? Posted from: Alberta

If I were to seek advise for my financial hardships would my sons RESP be up for grabs? Posted from: Ontario

If we were to file a consumer proposal does it affect job prospects, husband is a ca and worries employers will view him as a loser. Your comments please. Posted from: Ontario

We couldn’t file our proposal b/c letter of opinion gave a high price on our house and was told that this will not be acceptable by creditors as they will ask us to do a re-financing. Is it true? Posted from: Ontario

if the debt is only in my name why do you add my income and my spouses income to calculate total income Posted from: Ontario

I owe 67 K. in total. If 26k of that is owed to TD and 19K to RBC what are my chances of a consumer proposal being accepted, and would it still only be 30% ? Posted from: Ontario

Can the creditors access your bank account to look at your information on how you spend your money, income deposits etc when you have filed a CP and they are reviewing whether to accept it or not? Posted from: British Columbia

CAN COLLECTION agency take money out of you’re account after a proposal is file. Posted from: Ontario