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How long will a consumer proposal be retained in the publicly accessible Bankruptcy and Insolvency Records of the Office of the Superintendent of Bankruptcy Canada. If the answer is indefinitely, is there a mechanism to have the record expunged after a certain period of time? Posted from: Ontario
Is a Consumer Proposal considered the SAME AS BANKRUPTCY when trying to re-establish credit, ie when applying one of the conditions states “Have not filed for Bankruptcy in the past 7 years.” Our proposal was for 3 years, was completed and discharghed in early 2009 Posted from: Ontario
I was thinking about doing a consumer proposal (I owe 26000 not including income tax) and I owe 2600 in income tax. Apparently my second careers counted as income and put me in the higher tax bracket when I was in school for two years. Would I be able to include the full 2600 in […]
In BC can an employer fire you after you file a consumer proposal? Employee at a bank was fired after she did a proposal instead of filing for bankruptcy because her employer told her she would lose her job if she filed for bankruptcy. Posted from: British Columbia
Hi my husband went through a consumer proposal a couple months ago -I thought we both should have filed since my name is on most loans as well as his(my trustee said i have no income so no point) now the problem is that the Creditors are calling everyday demanding that I make payments that […]
Hi, approx. 3 weeks ago I entered a credit councelling program with Shield Credit. Not all of the creditors have signed on and since I’ve seen my payments go up 200.00 dollars per month. I cannot afford the payments. If I was to cancel out would my creditors still accept a consumer proposal? Or should […]
I have had extra hours for the past 5 years which is more than double my income to aprox 150,ooo. But with the extra income came extra dept not thinking that the extara hours would just stop.Now I am back to my normal wage.And my wife lost her job to boot and my kids are […]
In consumer propasal what is the average the credit card companies would take. In full bankruptcy they would get 30% from me. I could redo the house mortage now and get they 20%-25%. now and the remainder over two years. That said i don’t want to go thru the work only for them not O.K […]
I had an accepted and completed successfully a Consumer Proposal in the mid 90’s. Is now filing for Bankruptcy in 2010 considered a 1st or 2nd Bankruptcy under these these circumstances? Posted from: British Columbia
Last month I purcahsed car with full financing. If I file for consumer proposal next month, will I still be able to keep my vehicle? I am up to date on all the payments. I ‘m concerned that this recent purchase and now proposal will look bad to my creditors and possibly they could say […]
