BJ
How will my mortgate be affected if I make a consumer propsal…. Husband had a serious accident and is not able to return to work. The debts are piling up Posted from: Ontario
Consumer Proposals: Answers to Questions
Most Recent ‘Consumer Proposals’ Posts
More surplus income than debt, so to speak
My debt issue was mostly a result of fraud. While the con artist has been convicted, I’m left with a bunch of new debt. The total amount remaining isn’t the issue; it’s the payment scheduling ($2,000+/month now, decreasing to around $300/month two years from now). My total debt service ratio is over 70%, so I […]
equal billing
I heat by propane and get my delivery at the beginning of winter and then pay my bill over winter on equal billing. Would I have to include that as a debt in a proposal or would it be considered the same as a utility that bills you once a month? Posted from: Ontario
Do I have to tell that I have claimed bankruptcy before?
If I have filed for bankruptcy over 15 years ago and I am considering filing a consumer proposal do I have to tell that I have claimed bankruptcy before? And will this affect me trying to file a consumer proposal? Posted from: Ontario
Consumer Proposal fee
What can a debt company charge for a fee for consumer proposal? If you are doing a consumer proposal, is it just your credit cards included or does it include car loans and cell phones? Posted from: Ontario
Consumer Perposal terms and public record
Can you pay total agreed amount in consumer perposal than initially agreed upon for example after 18 months you get better job and you able to make large monthly payments and can pay off all amount in 28 months that is 10 months earlier than original 36 months agreed payment period ? My second question […]
Self employed with a negative for 2010 income
I am newly married with 17,000 debt. I filed my taxes and have a negative income according to them. I do bring in around 40,000 now but can’t really prove it. I have two children and I don’t want this to affect my husbands good credit. Can I file for a consumer proposal? Posted from: […]
Tfsa
I have a TFSA worth $ 5000, i owe a friend $15000. My TFSA is invested in penny stock that will and has made my investment over 15000. We are going to do a consumer proposal very soon. If my investment goes up to what I owe my friend, will I be penalized for withdrawing […]
Job loss
My husband lost his job- He received severance pay equivalent to 2 months of his salary. He will not get EI until after 2 months and 2 weeks-waiting period. Can we file for proposal now or wait until he start getting EI? we don’t know how match he will be getting in EI. Also please […]
What is required for proof of debt obligation to friends or relatives?
If I had been extended some loans by friends and relatives, what evidence can I present to the Trustee to show that these loans and creditors exist? Will the usual promissory note do? What about loans wherein it wasn’t documented because of trust or faith? Is it legal after the Consumer Proposal period ends to […]