unemployed after proposal
What options do I have after I have filed a consumer payment and been paying for over a year but have now become unemployed and cannot make payments? Posted from: British Columbia
Consumer Proposals: Answers to Questions
Most Recent ‘Consumer Proposals’ Posts
Card payments prior to filing
I am considering consumer proposal. I owe about $70,000 to credit cards. My take-home pay is $2600/mo. The credit was used to capitalize my business, which is running steadily and has been for 5 years. However, I have never been able to get out from under the debt load. The interest alone is almost $900/mo, […]
Can Creditor decide not to be part of Consumer Proposal?
Can a creditor decide not to be included on a consumer proposal by not submitting proof of claim? What if they did not submit proof of claim? Can this be settled at another time? Can I choose to pay them on my own? Thanks. Posted from: Ontario
Consumer Proposal Gone Bad
I have been paying in to a consumer proposal for three years now and though it was finished, but I was told that I need to paid up to 5 years. At the start the amount was increased but I knew nothing about the 3 to 5 years. Right now I have paid more that […]
Consumer Proposal Unfairly Annulled
I filed a consumer proposal in April and have just received a letter stating that my proposal has been annulled for non-payment, the reason being that my payment was due on the 30 of December and was not received, but I tried to make my payment only to find that the office where I was […]
informal proposal by relative to credit card companies
My brother is mentally ill and is now on disability for his psychiatric condition. His wife has met with a trustee and depending on the appraisal of their home (on which they have a second mortage) they may be able to make a consumer proposal or given the reduced income may have to file bankrupcty. […]
Consumer Proposal – RRSP
I understand that to be eligible to file a consumer proposal you: – Must be a person (businesses may not file consumer proposals) – Must be insolvent – Must have total debts (excluding the mortgage on their principle residence) of less than $75,000 Would I be considered insolvent if I have $50,000.00 in an RRSP? […]
Credit Cards & Debt Limits
Would I be able to use one of my credit cards that still has credit available after I file for a Consumer Proposal? Also, under the most current law, has the debt limit on a Consumer Proposal been increased from $75000 to $250000? Posted from: British Columbia
Question
I have recently filed consumer proposal over the past couple of months. The other day I received a statement from Alberta Health Care showing that they had put a credit towards the amount I owed them due to my assignment in bankruptcy. I only owed them about $180 and I did not list it with […]
After Consumer Proposal
After a consumer proposal is paid off, can I repay a loan (less monies received from CP) that was included in the original consumer proposal after it has been satisfied? Posted from: Ontario