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Consumer Proposals: Answers to Questions

Most Recent ‘Consumer Proposals’ Posts

MRS X

When filing our consumer proposal my husband was off on EI then we signed a consumer proposal and a week later he got a job…do you tell your trustee this info and does it have an impact on your propsal?? Posted from: Ontario CATID10

2nd time consumer proposal

My husband and I filed for a consumer proposal once before and now with job loss and lack of being able to find work we are finding ourselves in the same position again. My question is…is it harder to get your credit back the 2nd time filing a proposal? Or will it work the same […]

Student Loans

May I include Student loans in a consumer proposal If I’ve been out of school for more then 7 years ? Posted from: Nova Scotia

judgemants

will a consumer perposal remove judgements. Posted from: Ontario

Debt reduction – Consumer Proposal

What is the standard or typical percentage debt is reduced when filing a consumer proposal? I have had an initial meeting and was told my debt would be reduced by 50%, but I have read on many websites that it could be reduced to 30%. Why would the trustee tell me that? Posted from: Ontario

2 TIME PROPOSAL

I DID A CONSUMER PROPOSAL IN 1995AFTER MY SEPARATION CAN I FILE ONE AGAIN 16 YEARS LATER Posted from: Ontario

mortgage fraud

can i do a consumer proposal if i was a straw buyer or do i have to claim bankruptcy Posted from: Alberta

unexpected income after Proposal

What happens if I receive an inheritance, or tax refund (or other income) after a consumer proposal? Am I required to use it against the debts? Against the consumer proposal? Posted from: British Columbia

Mrs ana

I consulted Licensed Insolvency Trustee here in winnipeg . i am in deep financial situation, so i was thinking of offering a consumer proposal to all my creditors rather than filing bankruptcy, but upon assessment, she said my household income is shortfall by the province’s standard. My household income is 3800 (family of 5), total […]

Would Consumer Proposal make sense me?

I have a full time job but have about 35,000 in debt (including my car loan). I am able to put money on my debt every month but it is VERY tight. I am wondering if because I put more than the minimum payment on my debt every month if a consumer proposal would be […]

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