Consumer Proposals: Answers to Questions

Most Recent ‘Consumer Proposals’ Posts

time frame

At what point(day) does a Consumer Proposal stop my having to pay monthly, unsecured, debts i owe. (eg: if i sign papers on tuesday Sep 25/12 when does the CP kick in) Posted from: Ontario

I have submitted a consumer proposal through my trustee. It was rejected by CRA and an amendment was suggested by CRA. When preparing to sign the paperwork for new proposal agreement. I saw that the agreement has fees of $750 for filing and $750 once approved by the court. They never discussed this with me. […]

consummer proposl

In a CP do you have to appear in court or is all of the work done by a trustee? Posted from: New Brunswick

Total Income

How high an income can one make to qualify for a Consumer Proposal? Posted from: Ontario

line of credit

I have a line of credit that I was able to get on equity on my house. Can this be included in a CP? Posted from: New Brunswick

RRSP

I have $85000 unsecured debt. I want to file a CP to pay this off. However I have RRSP’S that would cover this debt . Can I still do a CP or would my RRSP’S affect this. Posted from: Manitoba

proposal payment calculation follow up

I asked the question about proposal calculation a couple of days ago. The answer sounded like it was up to me to include my wifes baby bonus and child support. The trustee I spoke to said no that I am obligated to disclose the totals? Is that standard or can I refuse? My wife doesn’t […]

Consumer Proposals who to contact

Who do I contact to discuss a consumer proposal, in this situation my proposal would be with my bank ie-Credit card and line of credit Posted from: Ontario

proposal payment calculation

I know both my and my wife’s income would be used along with monthly expenses to calculate my proposal payments. My question is would her baby bonus and her child support from her ex husband be considered income? Posted from: Ontario

proposal- bankruptcy??

I have recently started a consumer proposal, but now have thought that bankruptcy is a better choice. Can I file for bankruptcy even if the proposal process is started? Posted from: Ontario

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