Consumer Debt Proposals
Can a lien by Revenue Canada on your house become part of a consumer debt proposal? Can your house by part of a consumer debt proposal if it has a lien on it? Posted from: Ontario
Consumer Proposals: Answers to Questions
Most Recent ‘Consumer Proposals’ Posts
overdraft at bank
I have an overdraft at the BMO .I pay it off every month.My question is will banks continue to offer overdrafts if you are on a consumer proposal?I do have a credit card at BMO that I would be filing a proposal for.Would it be wiser to open a bank acct elsewhee? Posted from: Alberta
Consumer P
we have around 40k in uns debt . Per our calculation in bankrupcy we have to pay 14000 over 21 months- If we offer just 15000 or 16000 in CP, will creditors likely to accept offer? Posted from: Ontario
What happens next?
I made my last CP payment three months ago. What happens next? Does the Trustee contact me? Will it be a little easier for me to obtain credit now than when I was in the CP process? Do I receive a letter from the Trustee telling me I’ve fulfilled my commitment? I don’t feel settled […]
Mrs.
I am already on Credit Counselling (personally). I have been paying on it for a year. Our business is closing and there is a GST arrears debt + 2 other unsecured debts and I am unable to make payments. In other words, the company is now a liability as it is not making any money. […]
Is Consumer Proposal Considered a Bankruptcy?
Just wondering if Consumer Proposal is actually considered a Bankruptcy? I understand that it falls under the Bankruptcy Act? So if posed the question “did you ever file for bankruptcy” would you answer yes? Thanks! Posted from: Alberta
Joint Savings account in a Consumer Proposal
Just a quick question, I have decided to go see a Trustee about a consumer proposal, however, I have a savings account that is quite a ways into overdraft and my mother has been joint on the account since I was a child, would she be responsible to pay off the debt if It was […]
Student loans and Consumer proposal
How does a consumer’s proposal affect student loans? If one has a credit card debt and a student loan, can he or she initiate a proposal regarding the credit card debt only? Posted from: Ontario
Budget
How the budget affect the amount proposed to creditors in CP? Can trustee instruct debtors to follow a certain budget and let say do not over eat or go out or not drink alcool to have extra money for Debtors? Posted from: Ontario
Education
can we cash RESP and close account and hide it before filing for CP? and then open a new RESP account after filing for CP and put that money back in- We know that it will be less than original amount due to fees for closing RESP. What do you think? Thank you. Posted from: […]