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How is money dispursed to my creditors by the Trustee? I have been paying on my consumer proposal for a year (6500.00) and I just found out my Trustee hasn’t paid out any to my creditors yet as they get paid once a year. And if I cancel my consumer proposal who takes that money […]
Can I file for bankruptcy after entering into a consumer proposal? Posted from: Ontario
I filed for a propsal, however, my husband and I are now separating and I need to adjustment my monthly repayment amount. It is currently $1000/mth for 60 months. I earn $75,000/yr. This does not allow for child support, rent, utilities etc. Can I file for an amendment to reduce the amount? Posted from: Ontario
I’ve already paid 24 months of my consumer proposal. I have 3 more years. I just inherited some money. Can I pay-off the entire consumer proposal or do I have to continue paying each month until the consumer proposal is finished? Thanks. This website is terrific. Posted from: Quebec
I recently made an appointment with a Debt consultant regarding my financial situation. It was recommended that a Consumer Proposal would be in my best interest. I was surprised that I would have to pay the Debt consultant $2000 in fees in order to go ahead with the proposal. I had never heard of this […]
I have about $100,000 in credit card debts. I am no longer working and my pension from my job is only $1500 per month. My husband & I jointly own a home and no longer have a mortgage but we are not connected financially, ie. he deals with different banks than I do because of […]
I owe $150,000 and earn about $4000 net per month. I was considering a consumer proposal as the interest on my credit cards are high and it would take many years to pay this debt off. My trustee told me I would have to make 60 payments of $1800 which may get accepted by the […]
What happens to any amount not settled in a consumer purposal when there is a co-signer? Also, can someone who has filed a personal purposal also file a seperate purposal with their ex for a joint debt the ex accumulated alone? Posted from: Alberta
If I file a consumer proposal in 2012, and I do my taxes for the tax year 2011, am I eligible to keep the refund? Or is it forfeit? Posted from: Alberta
I was a fool and maxed out my credit cards because my husband had gambling debts. It is extremely difficult for me to keep up with all these payments. My credit rating is excellent. What should I do to maintain my excellent credit rating? Posted from: Quebec
