Consumer Proposals: Answers to Questions

Most Recent ‘Consumer Proposals’ Posts

Mortgage-poor, property won’t sell, want to retire…

We own two properties; one almost fully mortgaged, but would be really hard to sell. The other, half mortgaged, but including our lines of credit, you could say fully mortgaged… also really hard to sell. We know they would be hard to sell because similar properties in similar areas have been sitting on the market […]

re structuring payment after applying a lump sum

i am refinancing my home and will have a sum of cash to put on my CP. will i be abkle to restructure the payment amount . based on a new balance Posted from: Alberta

Is a proposal public record similar to bankruptcy?

Is a proposal public record similar to bankruptcy Posted from: Ontario

Gift to Family Member

In January, 2007, I participated in the Government of Canada’s Home Buyer’s program which allows an individual to make an RSP withdrawal to help a disabled family member purchase a home. I used this $20,000 withdrawal to help my disabled father buy a new home when he needed to move due to his disability. I […]

if a debtor is paid for by an insurance company

i’m in a consumer proposal. I had taken insurance on one of my debt and now the insurance company is paying out that loan in a lump sum. Since my trustee is already paying them does this money come to me or go to my debtor Posted from: Ontario

Saving money during consumer proposal

Once you file for a consumer proposal, can you keep on saving money in a savings account especially if your debt is with the same financial institution that is holding your debts and your pay cheque is on direct deposit with that same institution. Posted from: Quebec

How many proposal can you file?

Can you have more than 1 proposal? Posted from: Ontario

Consumer proposal tax implications

What are the implications on your income taxes when you file a consumer proposal? Posted from: British Columbia

Payroll deposit

i have an oustanding debt with one financial institution and i work with that same organization. my payroll has to come in that account only can not go any where else. if i file a consumer proposal what happens. can collections take away funds or one proposal doc goes they can not do anything as […]

Will I be able to file a consumer proposal for just my student loans?

I filed for bankruptcy in 2008 and was discharged in 2009. However, I have student loans (over 7 years) that I am unable to pay and am considering filing a consumer proposal. I currently have a credit card and a car loan. Will I be able to file a consumer proposal for just my student […]

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