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Consumer Proposals: Answers to Questions

Most Recent ‘Consumer Proposals’ Posts

credit cards

are you allowed to keep credit cards before and during consumer proposals of you do not owe any money on the card before the consumer proposal. Is the trustee obligated to take your cards before the consumer proposal. Posted from: British Columbia

trying so hard to get debt free

can i still get a consumer proposals if i am with another credit advisors company?right now i am with shield credit advisors but i am still paying 350 a month.210 bi-weekly and 140 bi-weekly but i am still having trouble making my payments.so im thinking that personal bankruptcy might be my best solution. Posted from: […]

not behind in payments do i still qualify?

My husband and I owe about $50000 in credit card debt. We have no real assets except for a couple of older cars but both make a decent income. We are currently paying the minimum due, on time each month and have been for sometime. Unfortunately we don`t have extra $$$ to set aside for […]

What happens if I payout a Consumer Proposal with a lump sum in full?

We are considering Consumer Proposal over bankruptcy. I have a Pension (locked in) that I might be able to cash in due to financial hardship. That amount would cover the monthly payments proposed. Would the deal then be closed early instead of over 5 yrs? How do the creditors view this? Thanks Posted from: British […]

Debbie

If you jointly own a home, and only 1 person is contemplating a proposal, can outstanding property taxes be included in the proposal Posted from: Ontario

Worried and wondering about a consumer proposal

We are a married couple with income over $140K per year, we have about $80,000 in consumer debt a monthly mortgage of $3300 including taxes and 2 car leases of approx $1,535.00 per month. We have tried a HELOC with the bank and it was approved but not by CMCH as our area is brand […]

HELP!

I`m considering to do a Consumer Proposal. My monthly salary is about 2300 per month. I`m a single mom with no support and two young kids. I`ve bills over $60,000. I got into a car accident about two yrs. ago and may receive some money from my car accident case. Will I lose this money? […]

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