Consumer Proposals: Answers to Questions

Most Recent ‘Consumer Proposals’ Posts

Can a Trustee and Executor of an estate file a consumer proposal?

Can a Trustee and Executor of an estate file a consumer proposal? Posted from: Ontario

MR

Hello, I have approximately 600k in credit cards and line of credit card debt. I have a family member that will lend me up to 250k to pay or settle with everyone. Is consumer proposal the way to go? I also want to be bale to build small credit again, is this possible? lastly, we […]

What is required…

information/paperwork wise when going in for the free initial consultation? Is having 2 real estate appraisals necessary? Also, if I was to change banks before my proposal to PC financial and one of my creditors is CIBC(owners of PC) is there any chance they can touch my account? Posted from: Ontario

consumer proposal and spouse

I spoke with a trustee who asked for my wifes info in a consultation to file a proposal. I informed him that the debts were mine alone (majority were accumulated before my wife and I got together) and that she told me she wanted nothing to do with my debt problem. The trustee told me […]

Mortage

Im looking to buy a house a first time buyer, is this possible with a consumer proposal Posted from: Ontario

Is it legal for a Trustee to Charge me 3 months payments of my monthly payments abouve what is set out in the agreement?

I read in you “Consumer Proposal” information section that if someone files a proposal and is paying, for argument’s sake, $300/month for 36 months then the Trustee is paid out of that proceedings. I filed a CP in September of 2010 and it didn’t actually start until December of 2010 because my Trustee took the […]

cp question

I’m considering a cp and am wondering if I should keep making minimun payments right up to when I file? Or is missing payments(showing I’m seriious) better for a cp decision in my favour? Posted from: Ontario

Sale of my home while discahrging a Consumer Proposal

I am 3 years into my 5 year consumer proposal and am still experiencing financial difficulties which is requiring me to sell my home. I don’t mind paing my consumer proposal for another two years. But, will I be forced to pay back the portion of my debt that was NOT paid to my creditors […]

Debra

how does a consumer proposal affect your partner in a common-in-law relationship Posted from: Ontario

Indebted

I am considering selling my house to reduce my monthly expenses.(no equity).How difficult would it be to rent an apartment after filing a CP, since a lot of landlords require a credit check. Thank you for your advice. Posted from: Ontario

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