Consumer Proposals Articles - Archive: 2012 Page 2

If the fees that are charged by licensed trustess are regulated by government can you tell me how much it costs for a consumer proposal? I was just quoted fees of $1800 with a $500 deposit required now and remaining to be paid in 60-90 days. Posted from: Ontario

Can creditors request that you dispose of a secured loan (not house or car but not an essential item like a snowmobile) that has no equity that i am currently working 2nd job to pay off. In other words, I would be better off quiting 2nd job if I had to give up the secured [...]

What information is sent to each creditor. Do they see how much each creditor is owed and do they consult with each other. Posted from: Ontario

When adding up all assets, do you have to include a business that if sold would be worth some money? It is the only source of income and if it was sold, I would not able to pay the amount to settle the debt of the proposal. Posted from: Ontario

I filed a consumer proposal back in june 2000 and i have a certificate of full performance of proposal. was filed with the official receiver on the 29th day of june 2000 has been fully performed as of the 15th day of july,2005. dated at toronto,ontario.this 22th day of july,2005. FINANCIAL DEBT RECOVERY LIMITED has [...]

I was told that if I had no balance on one of my credit cards I could keep it when I went into a consumer proposal.Is this true. Posted from: Alberta

One of my friends is considering to do a consumer proposal and has $5,000 saving in a bank but he does not have any credit cards or loans with that bank. His debt is around $30,000 I believe. Will he be forced to give up his saving account money after he files the proposal? Posted [...]

Hello. I am wondering if my financial situation changes and I am involved in a Consumer Proposal, if it is accepted to pay more than the required amount montly. For example, I may only be required to pay 150 monthly, but I get a new job or a raise and can afford to make payments [...]

I plan on filing a consumer proposal. I also have to re-mortgage the house. In the future will this effect my credit rating? Posted from: Quebec

2 years are past since I paid my consumer proposal and RBC has told me, more than once, that my credit shall NEVER be good at RBC unless I pay the 7K remaining from the original amount owed. Is that lawful? Posted from: Quebec