Consumer Proposals: Answers to Questions

Most Recent ‘Consumer Proposals’ Posts

spouse not filing

How can you get a credit card or auto loan put in one name. Especially the car where it is signed contract. Also if the loan is in both names, what happens to the spouse not filing who has all these debts outstanding Posted from: Ontario

Surplus Income

I have read that you generally need to offer your creditors at least 1/3 of what you owe and more than they would receive in bankruptcy in order for a proposal to be accepted. I am wondering how much more that needs to be, if I was to go bankrupt I figure my payments and […]

rebuilding credit

i’m halfway into a 4 yr consumer proposal.can I apply for an unsecured credit card with two yrs left on my proposal? Posted from: Saskatchewan

do we both need to file a consumer proposal

I have a lot of debt and some of it is with my Husband ..if i want to file for a consumer propoasl does he have to as well..or can he continur paying the bills with both of our names on it? Posted from: Ontario

Home equity

Considering trying to do a consumer proposal, I am wondering how you calculate equity in your home. Do you use a quick sale price, and if so what is considered a quick sale? Also do you take off relator fees and mortgage penalty before you get your equity amont? Also wondering if MBNA and PC […]

could I loose my home

could we loose our home if we file for a consumer proposal Posted from: Alberta

How to file a Consumer Proposal and keep your Car

When you file for a consumer proposal, can you add your car loan? And if you do, do you lose your car that is financed? And how long does it affect your credit? Posted from: Ontario

Mr. Mike

I have 3 questions please. 1. Will I be able to renew my mortgage if I file for consumer proposal? I’m renewing in 2 years. Me and my wife are in the mortgage. Only me is filing for proposal, not my wife. 2. If I get some money like bonuses or lottery winnings, can I […]

credit report

how long will stay on my credit report … Posted from: Ontario

separated going for consumer proposal

I am unofficially separated. Still living in the same household. Paying bills. Our matrimonial debt is huge. Can I file for consumer proposal for myself? how to do it? Posted from: Ontario

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