in bankruptcy and want to switch to a consumer proposal
if you are already bankrupt, and your financial situation changed for the better, can you switch to consumer proposal? Posted from: Ontario
Consumer Proposals: Answers to Questions
Most Recent ‘Consumer Proposals’ Posts
Would I qualify for a Consumer Proposal with a repayment rate of 30%
Hi there, I really would like to know if I would qualify for a Consumer Proposal with a repayment rate of about 30%…over 3 years or? I earn about 38-40k annually. I owe about 36K in unsecured debts including 10 year old student loans. I havn`t paid creditors for about 4 years…The product of a […]
mortage with a line of credit attached to it
I have a mortage with a line of credit attached to it. Would this LOC be included in the consumer proposal? Posted from: Nova Scotia
Bank refusal to stop payment
I have requested a `stop payment` on two loans I have with TD Canada Trust which are automatically paid from my account. The loans, as well as the overdraft on my account will be included in the Consumer Proposal just registered a few days ago, but the bank is refusing to stop the payments, is […]
wondering about a consumer proposal
We have $58,000 in debt, $41K of which is unsecured credit card/line of credit debt and $17 is an rrsp loan. My husband is working 60 – 80 plus hours a week – basically killing himself for the last 5 years to rectify this but things aren`t really moving ahead at all. I am not […]
Garnishment
Hello, I am a real estate agent and have just found that I have a garnishment set against me by CRA. If i do a consumer proposal is the order of garnishment frozen once the CP is filed? Posted from: Ontario
Who votes in a consumer proposal?
When a deliquent credit card account with an R9 is sold to a collection agency, and the collection agent begins reporting on a credit report, what happens when a consumer proposal is filed? Does the original credit card company still vote, or does the creditor vote? If the creditor votes, are they generally cooperative or […]
consumer proposal for one loan
Can apply for consumer proposal for a loan that is only in my name if I am married and have other other joint accounts that have debt? Posted from: Alberta
Inheritance during 45 day acceptance period.
What happens if someone receives an inheritance in the mean-time between their filing of the proposal and the creditors 45 days to accept or reject it? Posted from: New Brunswick
Consumer Proposal Kingston
I am currently looking into my debit consolidation. I have missed credit card payments in the last 4-6months as have run into problems with tenants at my rental properties. My morgage and car payments are always on time. But I do have collection agency`s and creditors calling me daily. I am wondering how and who […]