Connecting You with Trusted Licensed Insolvency Trustees – We’re Here to Guide, Not Decide. Learn More
My common-law husband and I share a mortgage, but all of our consumer and income tax debt is in each of our names individually. Are we still able to make a consumer proposal jointly, and can it happen if only one of us is earning an income? I am currently on maternity leave, and jobs […]
We’ve filed a consumer proposal. I’m really worried about our child’s RESP. Al least half the money in the account came from my child’s summer jobs. Will it be protected if I can prove the money came from them? Posted from: Ontario
If I have recently applied for more credit on my visa. Then I find this site after hearing a radio ad about helping eliminate debt. Would applying for that credit make me look bad in the eyes of my creditors even though i was just trying to survive and get by. or should i now […]
Hello, I am looking at filing a consumer proposal, however, the bulk of my unsecured debt is held by the same institution that holds my mortgage. I would like to keep my home. Will they be less likely to include the mortgage prepayment penalty against the equity in the home when calculating the amount I […]
can student loans be included in a consumer proposal? Posted from: Nova Scotia
I work for a major financial institution and have a Master Card issued by my bank with a balance of about $10,000. My total debt load is a lot higher and I have no choice but to file for consumer proposal. I know about bank’s right to offset but I am wondering if my proposal […]
My spouse and I are looking at a Consumer Proposal in January. We owe $55 000 in credit card debt. Last July I cashed in a $12 000 pension to pay off some debt. Some of it went to credit cards and some to pay back a family member. Will this effect my Proposal? Do […]
I recently found out that MBNA is owned by TD Canada trust. Would this mean that this is construed as one vote or two in a consumer proposal? I recently filed for a CP and these two are my biggest creditors and a no vote would kill my proposal. Posted from: Ontario
My consumer proposal was accepted by all creditors in 8 months ago. A collections agency called a secondary card holder demanding payment of all debt on one credit card – this credit card debt was included within the proposal & accepted. Once this agreement is signed, can a creditor choose a different tactic – such […]
Me and my husband applied for CP for first time for 140,000 of dept, our trustee told us the whole prosses will takes 45 days from the date we applied, but asked us to start paying and asked for a void cheque,but how will we know that the monthly payments are paid to creditors, do […]
