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After being divorced…debt resolution looms. In total, I have approx. $45k of debt. As the only earner (ex does not work) will a consumer proposal based on the total debt owing eventually wipe out the total of what was our joint debt if the courts have deemed me responsible for the debts… Posted from: Ontario
I need a trustee to help me to go through my financial situation or possibly file a consumer proposal. How to find a trustworth trustee? Thanks Posted from: Alberta
I’m 160k indebt for taxes (sole proprietor business) plus 20k to visa. I’m looking at consumer proposal but because of the nature of my business I do not have a steady income and may be relying on family loans to pay bills in up coming months. Will this be a problem? Posted from: British Columbia
I completed my five years in April 2012. In Nov. 2012 I was granted disability benefits for my daughter and reassessed back 10 years from CRA. They let me keep some of the refund but took $13,000.00 which was the balance after I paid the percentage agreed upon on my proposal. They didn’t return any […]
I have approx. 55k in cc and line of c debt – is there a formulae to work out what would be an acceptable lump sum offer to creditors? How or does it affect my Proposal if debts sent to collection agencies, before filing? – harder to get approved? do collection agents demand higher proposal […]
Does a consumer proposal restrict any type of job/profession ? I.e law Clerk, Paralegal etc. Posted from: Ontario
I currently owe 60% of my debt to a bank and 40% for student loans (is not past the 7 year mark). My question is this: If I do a proposal will my student loan receive 40% of the money (after trustee fees and filing fees are taken off) or will they receive less than […]
I currently am surrendering my condo back to the bank. I have 2 credit card debts totaling about $58k, and two student loans worth about $7k. After I stop making the minimum payments on the credit cards, how long should I wait to file for CP? Can I wait till the collection hassling begins, allowing […]
If $150K are owing to the CRA from unpaid taxes through a sole proprietorship business, with roughly half of that interest and penalties, is a CP a viable option? CRA has put a lein on the house and is garnishing accounts (so it’s progressed to that point), and making payments is viable, but not on […]
My debt is $45,000 part of that is my secured loan of $15,000 for my car that I finance with my husband(we are now separated). My question is what is the minimum payment I would need to pay(monthly) if I get a consumer proposal? and/or Would I lose my car if I claim bankruptcy? Posted […]
