Consumer Proposals: Answers to Questions

Most Recent ‘Consumer Proposals’ Posts

Marianne Hansen

If I do a consumer proposal, I know that I must give up all c:redit cards. My question is: If I have a credit card with no balance on it at all, must I give that card up? Posted from: Ontario

spousal support

Is spousal support affected if husband is doing a proposal in bankruptcy? Posted from: Ontario

HI I was told by a trustee that it would be better to renew my mortgage if I did bankruptcy rather then a cp. As soon as I said our mortgage is with Scotia bank they said that this bank would never renew. If we do a cp we would be 2 years and 4 […]

Consumer proposal to bankrupcy

I lost my job on sept 1/11. I used a small rrsp to help pay bills, now it`s gone, and I`m having to hold payment on my consumer proposal in order to pay rent and other bills. my EI is 1684.00/mo, and bills are 1960.00/mo. Is bankrupcy a viable solution? Posted from: British Columbia

Consumer proposal – information

I have outstanding balances from Debt management programs, can I apply for Consumer proposal? Posted from: Ontario

Marryann

I owe the total of $28000 in credit cards, unsecured debts, and payday loans(2). I work, we are a family of two, my daughter and myself. My daughter is not working, she is a student. I rent, and do not have a vehicle.How much money would be a consumer proposal per month? Thank you. Posted […]

reassessment

while in a consumer proposal and you get a reassessment from cra and there is a bit more money owing, how does that affect your proposal. Posted from: Ontario

Unsecured Creditor

I have included a medical loan in my consumer proposal who is UNSECURED. Within my contract with this company, it states that they cannot be involved in any proposal or bankruptcy but I was informed that the Bankruptcy legislation takes precedence over it. Is that true? Can they legally pursue me for all $ owing? […]

Credit Proposal Balance Payment

If I have a balance of $12,000 left on a creditor proposal that started at $40,000 is there anything preventing me from obtaining a bank loan with a co-signer in order for me to pay off the 12K balance? Posted from: British Columbia

budget

we are filing in January- Working on Budget and it shows balance that will be much more than proposed monthly amount to creditor, but in reality we are stuck now with pay day loans and we are obligated to pay loans and get another one on the spot from monet mart once we get paid. […]

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