Consumer Proposals: Answers to Questions

Most Recent ‘Consumer Proposals’ Posts

distressed

i have a business with a partner and bills are pilling up including hst income tax arrers payroll deductions and comp can we do a consumer proposal so we can keep our business going Posted from: Ontario

“Lump Sum” Consumer Proposal

I owe $ 105000 to the credit card , so iwant to do Consumer Proposal but i have only $ 12000 to pay iwill pay the $ 12000 sum lum once they approved the Consumer Proposal . please let know what to do? . thanks Posted from: Ontario

Spouse’s Credit

Between my wife and I, we owe about 90K, mostly on credit cards with a few thousand on lines of credit with bank accounts. Most of that is mine — about 65K on cards and 6K line of credit on a commercial (sole proprietorship) account. We feel we can probably manage the 20K on her […]

Mr

Hello – I have just filed 5 years of income tax returns and now owe $23,000, in addition to a $220,000 mortgage, $25,000 vehicle loan, $12,000 credit card and $25,000 home line of credit. My spouse works ($45,000 yr) and I have pension ($25,000 yr). Taxes has put us over the edge – is a […]

debt and mortgage

I earn 29,000.00 before tax and have debts of about $60000 including credit cards and line of credit. Would i be eligible for consume proposals? and my partner pays the mortgage, but its in both our names how will this be affected? Posted from: Ontario

judgements

After Credit Proposal is completed and I receive my discharge, can I be forced to satisfy any judgements registered prior to my application for credit ptoposal? Posted from: Nova Scotia

Wsib/audit

2 part question. I can’t find anything about wsib and proposals. Also what’s happens if u are in a proposal and get a letter stating you r being audited? (By wsib) or cra for that matter. Does a proposal offer any protection. Would u tell them hey listen I’m in a proposal ur not going […]

CRA Debts

I am a sole proprietor , If I file a consumer proposal can taxes owing , HST and Payroll Taxes all be included in my proposal? Posted from: British Columbia

consumer proposals — fees?

I’ve been trying, and failing, to find the statutory basis for the fees charged by licensed trustees for title 1 vs title 2 compromise proposals. Can anyone direct me to the source? Posted from: Ontario

can i afford it

i am unemployed living as a spouse on my wifes disabuility we only get 1512a month have 23000 in credit card debt just trying to figure out what the monthly payments are Posted from: Ontario

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