Consumer Proposals: Answers to Questions

Most Recent ‘Consumer Proposals’ Posts

Consumer proposal affect on co-signer

I have a student line of credit that my mother co-signed on. I would like to submit a consumer proposal but I don’t want my mother’s credit to be affected. I would like to continue to pay that loan off. Will my mother’s credit rating be affected? Will she have to pay the total amout […]

Trustee not providing discharge certificate

I filed for a consumer proposal in Feb 2010 and I received a confirmation from my trustee that my proposal had been accepted. I understood that after 9 months I would receive my discharge certificate. Although 17 months have passed I have not received my discharge and my banker tells me that my credit report […]

earnings

is there a limit on amount of earnings per month which will prevent consumer proposal?? Posted from: Ontario

bank

We are considering proposal. We have a mortgage with a bank but no other debt with them. Can we open a new account there and transfer our RESP there too? or open a new bank account with another bank that we never dealt with. Appreciate your assistance on this and thank you for this very […]

second bankruptcy

I have one bankruptcy from 2002, and now I am hoping it is possible to do a consumer proposal, I have income, and do not want to file bankruptcy again. I however do not have a bank account, and need one for employment. How can I resolve my problem? I earn 42,000 yr, my debts […]

Proposal denied-Options?

We had a proposal offering 500month, which was about what we could afford. Creditor with highest voting power over 50% has asked for 950/month almost double. We definitely cannot afford that. Is our only option bankruptcy? Please help Posted from: Ontario

Will 50% or more suffice?

Hi There We are in process of waiting out the 45 day period to see if our proposal gets accepted. It appears our largest creditor may be accepting the proposal. They have more than 50% of out total debt. If they accept it, does that mean it will be approved because they own more than […]

Consumer proposal

Can we put extra money every month in a proposal so we can be discharged faster? how is it done? can we pay the trustee online the for example? Posted from: Ontario

Documents

1-What documents to bring when filing CP? 2- How about first visit- do we need to bring any documents or just a spreed sheet showing our situation will suffice? Posted from: Ontario

mr. Singh

Debt collectors constantly calling, but I have nothing to prove to them that i am going through a consumer proposal. What shall I do. Need urgent help. Posted from: Ontario

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