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Consumer Proposals: Answers to Questions

Most Recent ‘Consumer Proposals’ Posts

So Confused

In 2010 I started (or at least I thought I started) CP with a company. The phone calls stopped but the company I chose (and paid $1000) constantly needed more info and in general seemed a little unorganised. I have since moved and tried contacting the company to try and get the ball rolling again. […]

Moving to another province

hello I did a consumer proposal in BC and now want to move to Quebec. Can I do this? I fully plan to pay monthly regardless where I live. I will advise my trustee Posted from: British Columbia

options?

Hi There, we are in serious debt approx 140k in credit card debit and line of credit. We also have mortgage, car and trailer and hot tub payments. my question is what would be the best solution for us? there’s no equity in house as we remortgaged about 2 years ago.. Is there anyway we […]

Reasons for a Proposal not being Accepted

If you decide to do a consumer proposal what could be the reason for it not being accepted? Also if it takes awhile for the proposal do you have to make the minimum payment still until it’s accepted? What do you if you don’t have the money? Posted from: Ontario

rebuildilng

first of all i would like to commend your firm on this tremendiously helpfull site .i have recently submitted a CP with RBC as my main creditor, they have refused my proposal and submitted a counter offer wich i completley expexted do to your information on this site.there will now be a meeting of creditors […]

Can a CP be filed for two people under the same address?

I was approved for a CP. I live with my husband who is also considering filing a CP in the future because he is having a tough time paying his debts. Can he file a CP in the future given that I’ve filed one and we both live in the same address? If so, is […]

We do have a monthly income. Is a Proposal a good idea?

My husband and I have approximately $85,000 in unsecured debt from various credit cards including Revenue Canada, plus we are co-signers for an RBC student line of credit for our daughter. We do not want to sell our home which does not have much equity and and have very little other assets, but we do […]

Question RE Consumer Proposal

Hi, I am considering consumer proposal or credit counselling. What is the exact difference? Also, I own a home, do I have to sell it in order to do a consumer proposal program? I don’t want to consider bankruptcy. Posted from: Ontario

Who goes in on a Credit Proposal

My wife and I haven’t been together for over 6 years, but not legally separated or divorced. When we split, I agreed to take over the credit card payments, of which both our names are on. After a several month lay-off, I fell farther and farther behind on payments until I just gave up and […]

income tax

is there a way i can get the goverment from taking a lower amount from my pay check for money owed i cant afford it Posted from: Ontario

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