Consumer Proposals: Answers to Questions

Most Recent ‘Consumer Proposals’ Posts

Shortfall

I had to file a consumer proposal in February. The house or property taxes is not mentioned in the proposal as I kept living there while my ex-husband made the mortgage payments in lieu of support. He wanted me out of that house so he filed for bankruptcy in June so I was forced to […]

Mortgage Renewal??

If my husband and I file a consumer proposal through a trustee, what happens when we go to renew our mortgage next year? Will the bank refuse us? Or will we have a much higher interest rate? Posted from: Ontario

Default of a Consumer Proposal

I have been in a consumer proposal for 2 year and have defaulted on the payments, am I able to just go into bankruptsy. Posted from: Ontario

Trustee Fees

Is it typical for a trustee to ask for fees in advance in a joint proposal of $900 per person (they called them retainer fees)… and then still have to pay the monthly or should those fees be rolled into the monthly payment? Posted from: Manitoba

Proposal Payments are Too High

When i look at my debt of 85,000 and if i had to pay 27,000 back that makes it around 450 a month what if thats too much for me to pay can that be lowered some how the monthly payments. I a wordered about if i can afford this or not. Posted from: Ontario

One Trustee over an other

I was wondering if you see one trustee should the amount you pay back be same or different from an other trustee? Posted from: Ontario

Minimum requirement to file a consumer proposal

Hello, If we have approx. 45000 in credit line debt. What are the chances of qualifying for a consumer proposal? Thanks Posted from: British Columbia

BK

Will a consumer proposal affect an individual’s ability to keep a life insurance license and a mutual fund license? Posted from: Manitoba

Joint debts with 1 spouse submitting CP

My wife has been unable to work for the last couple years due to prolonged illness. This has seriously strained the demands on my income supporting a household of 5. I’ve begun weighing our options, and one consideration has been a scenario with her filing a CP, as there are some debts thay are being […]

ken

I have a rental property that is worth only about $8000 but it helps out as an income. Will lose it in a consumer proposal? Posted from: Newfoundland and Labrador

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