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I have the 2009 and 2010 tax returns to file (though likely there isn’t any amount owing to CRA for both years) and was wondering if I can file for consumer proposal prior to submitting my 2011 tax return (i.e. once I get the the NOA’s for both years)? I only ask because I don’t […]
I was told that if you want to do a consumers proposal then you must max out all your credit cards? is that true or can you leave whatever money is left on it available.? example: I have a credit card of 4000 and i only have used 1200, should i use the remaining amount […]
In a Consumer Proposal I understand that you have to include all your debts. Does this include joint loans with other parties, i.e. spouse or friends? Posted from: Ontario
Thinking about doing one, mostly credit card debt around $80,000 between me and my wife, I haven’t even used my 2 cards in 2 years , I am just making minimum payments, I have 3 young children ages 8, 5and 3 and I my wife has a good job and I work away seasonally and […]
My husband and I filed for CP end of the March for 94,000K. My trustee sends creditors a proposal for $300/month for 60 months. (if I go bankrupt I need to pay 14,000k). After 3 weeks RBC voted for $680/month which we can’t afford. RBC has the majority in our case and 45 days is […]
If the fees that are charged by licensed trustess are regulated by government can you tell me how much it costs for a consumer proposal? I was just quoted fees of $1800 with a $500 deposit required now and remaining to be paid in 60-90 days. Posted from: Ontario
Can creditors request that you dispose of a secured loan (not house or car but not an essential item like a snowmobile) that has no equity that i am currently working 2nd job to pay off. In other words, I would be better off quiting 2nd job if I had to give up the secured […]
What information is sent to each creditor. Do they see how much each creditor is owed and do they consult with each other. Posted from: Ontario
When adding up all assets, do you have to include a business that if sold would be worth some money? It is the only source of income and if it was sold, I would not able to pay the amount to settle the debt of the proposal. Posted from: Ontario
I filed a consumer proposal back in june 2000 and i have a certificate of full performance of proposal. was filed with the official receiver on the 29th day of june 2000 has been fully performed as of the 15th day of july,2005. dated at toronto,ontario.this 22th day of july,2005. FINANCIAL DEBT RECOVERY LIMITED has […]
