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Consumer Proposals: Answers to Questions

Most Recent ‘Consumer Proposals’ Posts

trustee fee in a consumer proposal

can you give me a rough idea of what to expect – if I hypothetically have $125,000. worth of unsecured debt – and I do a consumer proposal – and we agree to repay approx $50,000. what would the trustee fees be on this?? is it a percentage?? Also – we have an offer of […]

Proposals and RRSP

Hi, I filed a 5 year proposal in January 2004. I have a small RRSP for $1200 (this is not my only RRSP). I would like to cash this in when it matures this November and put it towards the final 12 months of my proposal to pay it off a year early in January […]

Vehicles in proposal or bankruptcy

My husband and I are separated – do we both get to keep a vehicle valued at $5650 if living in Ontario?? My vehicle’s value is under $5000 – so I don’t have to worry – but my husbands is approx $15,000.00 if he chooses to keep the vehicle – will he have to buy […]

Is good credit a problem in a proposal?

I have a nearly perfect credit rating (I missed a payment about four years ago, when I forgot to pay a bill – R2 rating.) My credit has been good because I’ve been advancing money from my credit cards and lines of credit to make my payments. I have enough credit available to do this […]

Filing for Bankruptcy while in Consumer Proposal

We have been in a consumer proposal for 8 months and are having difficulty maintaining our monthly payment. Is bankruptcy an option? If so, what happens to the consumer proposal that we have currently?

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