Consumer Proposal And Winfall
If during my Cunsumer Proposal I come in to a large sum of money can they come after me for it, or is it all mine to put in a savings account or whatever I want? Posted from: Ontario
Consumer Proposals: Answers to Questions
Most Recent ‘Consumer Proposals’ Posts
Legal Papers
I have been served with legal papers to repay a line of credit. Can i still do a consumer proposal? Posted from: Ontario
changing from a debt management plan to a consumer proposal
I currently have a debt management program that I am finding difficult to keep up with. If I approach a trustee what do you think the chances of my creditors accepting a proposal for less than I am paying them now is? Posted from: Ontario
In Need of Help in Ontario
I am married. I have also accumulated roughly 30,000 of credit card/personal loan debt in my name. I also have unsecured debit jointly with my wife. I can affored to pay the joint debt based on current income, ect, but I think that I will be falling behind shortly in my obligations on the unsecured […]
Moved to America
I have $25,000 in CC debt with one bank. What can happen if I stop payments and never pay them back? I moved to America, got married (with name change) and plan on adding citizenship (dual CA-US). Will my family be harassed? Should I do a consumer proposal of 50% reduction for a 30% one […]
Eligibilty of Consumer Proposals
I am wondering if I could apply for a consumer proposal if my name is on a company. My debt is personal and not company related. My name is on the company papers because I look after the payment of the bills and general office work. however I rarely recieve money through the company. Posted […]
Tired of Struggling
My husband and I have a joint low interest credit card (6.25%) with a balance of $26,000 and an even lower interest LOC (4.25%) with a balance of $25,000. He also has an RRSP loan of about $17,000 (3.25%). We barely break even each month paying the min pymts on these as we are single […]
Car Purchase with Financing from Bank
I`m about to file for Consumer Proposal. I have financing through Scotiabank. This was arranged through Mazda dealership. Scoitabank is not one of my creditors. I was previously told I can keep my vehcile, but wondering if this is still possible since the financiing is arranged through a bank? Posted from: Ontario
what happens if they vote no…
Question : If the vote is no and the consumer proposal is declined are you forced to claim bankruptcy ? Posted from: Nova Scotia
No Legal Requirement to Inform your Spouse
I am seriously thinking of applying for a CP, but I don’t want my husband to know, is that at all possible? he has very good financial standing while I`m seriously in trouble, I am joint account holder with some of his accounts only for easy access for our children`s needs and emergency. and I […]