Consumer Proposals: Answers to Questions

Most Recent ‘Consumer Proposals’ Posts

Lump Sum vs Monthly Payments

In a consumer proposal do the payments have to be monthly? My income is very tight without my debts due to alimony payments to my ex and I am not sure I can pay a monthly payment of any real substance however every year I do get a large income tax return. Is it possible […]

what is a person who files a consumer propsal called?

A person who filed for bankruptcy is called bankrupt. A person who submits a consumer proposal is called ? Posted from: British Columbia

entering into a consumer proposal

I am considering entering a consumer proposal. My student loan debt is about 38,000 and are not able to be discharged until Aug 2011. I have under 75,000 debt at present (including student loans) and was thinking I would enter a three year consumer proposal (I`ve been told about 700/month payment) and then consider filing […]

Income ense statements and consumer proposals

Is one rquired to submit monthly statement of income and expenses during a consumer proposal like in bankruptcy? Posted from: British Columbia

Raising the Consumer Proposal debt limit

I am in the process of doing a consumer proposal joint with my wife. I understand that their are chagnings coming for the Consumer Proposal. Will it be better for me to start the proposal now and hope that I can still take part under the old provisions or should I wait and do it […]

Am I eligible to file a consumer proposal rather than filing for bankruptcy

My total personal debt is $90000. Am I eligible to file a consumer proposal rather than filing for bankruptcy? Posted from: British Columbia

OPD

I was eligible for an orderly payment of debt in the province of Saskatchewan, this was over 10 years ago. I did not go through with it instead I paid up my debts in full and have about 4000 to go. I have not seen this in my credit report. do I have to contact […]

entering into a consumer proposal

I am entering into a consumer proposal… My student loans have not reached the point where they could be included… My consumer proposal is for 48 months… Do I have to keep paying for it when my current interest relief period is up or does it stay inactive until after my proposal is completed? I […]

Auto Lease

I am in the process of a consumer proposal (meeting on November17/08 to see if proposal accepted by creditors). I have a leased vehicle with GMAC and I CANNOT afford the payments anymore. I have made one payment since I signed my consumer proposal. What happens if I stop making the payments NOW? Does the […]

Spouse disclosure and consumer propsal

If I am thinking of a consumer proposal does my spouses assets/income need to be involved in it or can I apply for this myself on my own for my own debts??? Posted from: Alberta

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