Consumer Proposals: Answers to Questions

Most Recent ‘Consumer Proposals’ Posts

Unsecured line of credit

My unsecured line of credit is $50,000.00. I lost my job last August. I am 67 years old. The bank has issued a summons to pay in full with interest. I have a house, still have mortgage. I do not want end up in the street after working 42 years. Can you help? Thank you […]

CP

is there is a cost for proposal like in Bankrupcy? What’s the difference as we don’t have a surplus income. Posted from: Ontario

noran bowers

how soon after initial consulation, does it take to file consumer proposals Posted from: Ontario

If my Consumer Proposal is rejected can I try again?

We have been denied by the Royal Bank only in our consumer proposal. We have tried to negotiate with them, but they won’t accept what we can afford to pay…our trustee didn’t seem to come to our defense or help. What is our recourse, should we try another Consumer Proposal or go straight to Bankruptcy? […]

Consumer Prop and CCRA

If I owe CCRA 16,000 for GST and Income tax for 2010-can I choose not to includes these amounts in a Consumer proposal. I am a sole propertier. Posted from: Ontario

Student loan interest charges during proposal

I have received a statement from my student loans telling me how much interest was accrued during the past year since I have started my CP. When I file my taxes this year, will my refund be paid onto my student loan or will it come to me? Last year, I was given my refund, […]

Is it possible to revise a Consumer Proposal to include Student Loans?

I am currently 2 years into a 5 year Consumer Proposal , in 2009 when I started the consumer proposal I was told I would not be able to include my Student Loan debt. I understand now that Student Loans can now be included in a Consumer Proposal as long as you have been finished […]

Advise about credit cards

Reading other sites i came across a few times that you might be able to retain your credit cards that have no balance but in one question on this its being said you have to turn them in why our their differences is it just the trustee that is doing this or what do you […]

Consumer Proposal – Surrendering ALL Credit Cards

What happens if i file for a consumer proposal and i have 8 credit cards and i only use 4 of them right now. But they are with 8 different places by not using the 4 of them would that mean i would still have a credit? And could i build my credit rating back […]

Proposal Question

After you proceed with a consumer proposal, how does it affect your credit? Will we ever be able to get a loan or credit again in the future? Do we get to keep one of our credit cards with a low limit, or do we need to close all accounts? Posted from: Alberta

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