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If I sell my house for a small profit and withdraw that profit immediately to pay personal debts to family and friends and then attempt a consumer proposal or declare bankruptcy against my credit card creditors, is this illegal? Basically, I’m trying tp pay the people closest to me before my larger unsecured creditors. Since […]
In the spring I installed a brand new furnace and AC. It is on a rental agreement with National Home Services. Could I change the rental over to purchase and include that in my consumer proposal? Posted from: Ontario
I was having trouble keeping up with my debt and now I’ve been laid off. Can you file for a Consumer Proposal while on E.I.? Posted from: British Columbia
I foreclosed on my home and the money the bank got after the sale was a lot less than what it was mortgaged for. I understand that CMHC will be coming to collect the difference from me. can I offer CMHC a consumer proposal? Posted from: British Columbia
Hello, In the event that someone files a consumer proposal, I understand that you recommend changing your banks account(s) to an institution with which you don’t owe money. However, in today’s day and age often institutions are owned by other larger institutions. For example, Capital One owns ING Direct, and TD owns MBNA. If someone […]
If I can do a lump sum payment at the beginning of my CP, rather than agreeing to pay an amount each month, is that more or less favourable to creditors? (ie, if I offer $60k on $150k of debt) Posted from: British Columbia
I am looking at possible consumer proposal but have concerns as my mortgage comes due in 20 months . What will the effect be Posted from: Ontario
If I file for a CP do I need to disclose to the trustee if my spouse had filed a CP 3 years ago Posted from: Ontario
I am having money problems and I am considering filing for a consumer proposal or bankruptcy. If I am not satisfied with the trustee handling my file, is it possible to change the trustee and at what point of the process? Posted from: Ontario
I am thinking of filing a consumer proposal and I have a car loan. I need to keep the car and I plan to continue with my payments. When you file the proposal, is the car loan included, I mean is the lender going to know about this and is there a chance the lender […]
