Consumer Proposals: Answers to Questions

Most Recent ‘Consumer Proposals’ Posts

worried

15 years ago i filed bankruptcy.i now find myself in financil trouble once agian.If i file consumer proposal will creditors denie my proposal due to my previous history.RBC is my main creditor for 50,000. Posted from: Ontario

Secured Credit Card Before Consumer Proposal

Hi, I have faced the music – I am deeply in debt and will have no choice but to file a consumer proposal. I have been doing so much reading on here about people having a hard time being approved for a secured credit card during a consumer proposal I am wondering if I should […]

Can A Director Of A Corporation File For A Consumer Proposal?

Can a person who has chosen to do a consumer proposal be a director of a corporation? Posted from: Ontario

Have Not Filed 2011 Tax Return Yet – CP

Hi, I’m wondering if I will not be able to file a consumer proposal as I have not filed a 2011 tax return yet. It will be my husband and myself doing the proposal together and I own a business and have not been up to date on my book keeping for 2011 (playing catch […]

Gathering the Facts

Recently I went to speak with a BBB accredited agency. But in my meeting I told the person we dont have extra funds to pay at the moment for their services. I have yet to miss any payments but I was told to start skipping payments and use that money to pay them in the […]

CURIOUS

what percent do trustee keep on a cp.and are my payments to trustee distributed to creditors monthy or yearly? Posted from: Ontario

concerned

i have filed a cosumer proposal .60,000 out of 79,000 owed to royal bank.I was asked to pay trustee 150.00 at meetin then postdate my first payment of 600.00 a month.Is this a normal process .also is it true royal bank refuses majority of CP Posted from: Ontario

what happens now???

I have been in contact with a administrator of a trustee company about doing a consumer proposal.I filled out the application form and would like to know what happens next?Does this mean now the consumer proposal is going in to the 45 days period?When am I required to see the trustee now or when the […]

sk

I submitted a CP that was accepted a month ago. I also owe 5000 to CRA from 2011 taxes and my trustee told me that is covered in my CP. I don’t want any repercussions from CRA and wanted to pay that in monthly installments, however am wondering if it’s okay to let my CP […]

Disbursement to creditors

Can anyone explain how funds paid for a consumer proposal are disbursed to creditors? My trustee gave me a dividend sheet which shows a “dividend” and a “levy” and I would like to know what these are. Hope to get an answer soon. Posted from: Ontario

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