Connecting You with Trusted Licensed Insolvency Trustees – We’re Here to Guide, Not Decide. Learn More
Hi my wife and I have just under $75,000 in debt including student loans. We have a truck loan that is secured and we can`t loose the truck as we live 30 mins from Medicine Hat. We need some advice for a Consumer Proposal, how it works, how long it takes to set up, If […]
If I come into unexpected money from being a benifcary in a will…Will that money be taken from me if I am in a comsumer proposal, or if I claim bankruptcy?
When I filed a consumer proposal all my tax filings were up to date and `accepted as filed` by CRA, no money was owing, and so they were not listed as a creditor. A year after my discharge CRA audited me as I showed little income for several years and disallowed all my business expenses […]
I got into serious financial trouble late last year after an accident left me badly injured. I have stopped paying creditors starting February 2007. I had a discussion with a trustee in April 2007 regarding a Division I proposal , I put off taking any action on it till today. Today I was served a […]
hi can you do a consumer propos after the bills have gone to collection and judgements,
Hello, I filed a consumer proposal and now paying like $500/month (4 more years) and I don`t owe any of my creditors anymore. I want to speed up the process of paying them instead of waiting for 4 more years. Then the credit repair years for another 3 or 4 years so it totals to […]
If I do not list a creditor when doing a proposal in bankruptcy can they collect after the proposal?
I filed a consumer proposal March 2006. I have a student loan that is 10 years old. I recevi3ed a letter from the federal government that under the Bankruptcy Act my canada student loan was paid to the financial institution. Now the financial institution is coming after me stating that I owe a `federal risk […]
Hi and thanks for this site. Just a quick question. On some forms and/or applications, it may ask if you have ever declared bankruptcy and you have to check off `yes.` If you do a consumer proposal, do you have to also have to check off `yes`? Thanks!
I want to do a proposal as I owe a total of about $40,000 to different creditors. I don`t like the idea of Bankruptcy. Can I negotiate to repay 30% or 40% if I can guarantee to all my creditors that I can pay within a 1 year period? Also are there any recommended trustee […]
