New consumer proposal laws and CRA
With the new consumer proposal laws, has CRA changed their ways of accepting it more now? Posted from: Ontario
Consumer Proposals: Answers to Questions
Most Recent ‘Consumer Proposals’ Posts
Student line of credit
I have a student line of credit of $4800.00 cosigned by my mother. Am I able to pay this off separately if I go through consumer proposal? I do not want my mom to be affected. Thank you. Posted from: British Columbia
Slippery Slope…
I have 70k in usecured cc debt and can barely make the mnimum payments every month and the interest is really adding up. I am still in good standing with my creditors at this point. I have no assets and no savings but I want to start having some money left over from my paycheque […]
taxes
can i apply for a consumer proposal, the government is garnishing my wages for $1200/month Posted from: Ontario
Pre-Paid Credit Card after CP?
We are thinking of doing a consumer propsal for our credit card debt, which racked up after 3 bad years. I am wondering if a person could get a pre-paid credit card after filing for CP? It would make it easier to deal with some situations (online payments). But would it also help to rebuild […]
small claims court judgement
Can small claims court judgements be discharged in consumer proposal? Posted from: Ontario CATID10
LOC Secured by Mortgage
I have a LOC tied into my mortgage. I owe 22k on it. My mortgage is 78k, my place is only worth about 90k. I have a large amount of credit card debt about 50k as well. What happens with the LOC if I file a proposal? ( I make a good wage, around 79k/yr, […]
Consumer proposal
Can I file a consumer proposal three months after I sold my convenience store? I paid some of my debts when I sold the store but I can’t keep up with my other debts. Posted from: Manitoba CATID10
Drowning in debit and need help
My husband and I have had a few bad years. Between layoffs and illnesses, we have amassed a large credit card debt. We were using one card to pay another, by food, etc. With 4 small kids and trying to upgrade our education so that we would be in a better position financially, it hasn’t […]
consumer proposal and mortgage renewal
Hello, I am wondering what happens when it comes time to renew my mortgage after I have filed a consumer proposal. Assuming my payment history is good, can my mortgage company charge me a higher rate or interest or refuse to renew my mortgage because they know I filed a proposal for the unsecured debts […]