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Consumer Proposals: Answers to Questions

Most Recent ‘Consumer Proposals’ Posts

tax debt during a proposal

I am in my second year of a 3 yr proposal.I just did my taxes and I owe under $1000,which to me is still alot of money and will be hard to pay, can this be included in my proposal or do I pay it seperatly on my own? Posted from: British Columbia

Learn to live on what you make

Its suggested that you not use your credit cards 3 months before file of a consumer proposal but if your living off credit you have no choice its more about your pride to pay this but you are never going to be able to pay the debt would this effect the out come of a […]

debt overload

My husband and I both work and have good paying jobs, but we also have a lot of debt and are just getting by making minimum payments, sometimes we even miss those. At this rate we will never get out of debt, we can not save any money and we live pay cheque to pay […]

keep credit card?

hi , I f I choose to do a consumer proposal for my old student loan debt, I am I allowed to keep my credit card , as it is in good standing, with no out standing debt on it. Posted from: Saskatchewan

car loan

what happens if the car loan is with more then the car is Posted from: Ontario

co-signers on a foreclosure

If a house goes into foreclosure, the bank sells the house then goes after the debtors for the remaining amount. Could they then go with a consumer proposal and include that amount in the proposal? If so, would that affect the co-signers? If not, would the bank co after the co-signers for the remaining amount? […]

Annulled proposal due to late payment

We started with a consumer proposal but missed a couple of payments. After the last one they immediately cancelled the proposal. We are now left with a mismatch of credit situations. some say written off, others are attempting to collect. Another bankruptcy is not an option. What is your answer to our situation. I would […]

Waiting periods

During the 45 days waiting period do we pay the debts as we are even if we can not make the full payments? What do we do? Posted from: Ontario

former problem gambling

Hi I am considering a consumer proposal I am behind on many loans.. my main reason for falling behind is from being addicted to alberta video lottery terminals. currntly I am 36 days free of gambling would that make it difficult to be approved by the couts for a consumer proposal? thank you Posted from: […]

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