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I am going to be filing a consumer proposal soon. What are the trustee fees? IE if my total debt is about $51 000 and I will be offering $350.00 for 4.5 years is it reasonable that the fees would be in the $5000 range? with about $13 000 going to the creditors. Posted from: […]
I filed a consumer proposal in August 2008. I have recently learned that had my trustee filed a provisional income tax return for me to the Canada Revenue Agency, that my income prior to the proposal date will not be taxed. Is that correct? Posted from: Ontario
I am seriously thinking about a credit proposal, I own my own vechicle I have been paying it off faithfully never missing any payments. I have only 1068.00 to pay on my car loan and it is paid off. Do I get to keep my car I have to get to work and back and […]
I have completed my consumer proposal this past summer and I am looking to purchase a vehicle. I have $6,000 for a downpayment and a trade-in as well. With the current tight credit market in Canada will this impact my chances to obtain financing for a car or would it best to wait until the […]
If my spouse and I file for a division 1 proposal and it is not acceptaed and we are then automatically bankrupted-how are the fees for the consumer proposal paid for. Then would we have to pay extra trustees fees for the bankruptcy. Are both fees put together???? Posted from: Manitoba
I have a question regarding consumer proposals. My spouse and my debt is over $150 000 and so we would have to file a division 1 consumer proposal. Are these accepted very often??? Also We owe the following creditors Royal bank, TD bank, HBC, PC financial, Sears, Capital one , citibank, AMEX, and MBNA. Are […]
can i use money from my line of credit after signing papers for a consumer proposal. Posted from: Ontario
I am thinking that in the near future i may have to file bankruptcy or a consumer proposal-my question comes to income tax. If I file my own income tax for 2008 and get a refund but months later I need to claim bankruptcy or a consumer proposal what happens if I have spent my […]
I am thinking that I may need to either fiel bankruptcy or a credit proposal. My wife`s business is in big trouble from teh economic meltdown. She will likely have to go bankrupt and we have many shared debts. I owe total about $60k that includes joint with her. B/c she has lost her income […]
I`m one year into a Consumer Proposal. I have to admit I`m happier than I was a year ago. The down side is working only in cash limits my ability to make any transactions via the net or phone – all companies require a credit card. Even small purchases like books online require a credit […]
