Consumer Proposals: Answers to Questions

Most Recent ‘Consumer Proposals’ Posts

settlement percent

WHAT IS THE AVERAGE DEBT PERCENT FOR A PERPOSAL? between 0 and full debt owing on credit cards Posted from: Ontario

i am in a proposal now but not good ,would like to go bankrupt

i have been paying $250 a month for 13 months plus the an up front fee of $1000.00 for an accepted proposal , i am finding that it is my house and all the bills that go with it are too much..can i change from the proposal to total bankrupty..even if i sell my house […]

Income during repayment period

If I make a cp based on a $4000/month income and a payment of $1000/month for 60 months to the creditors, what if I ended up making $6000/month? Do I have to give up the extra $2000/month as additional repayment to the creditors? Posted from: Ontario

I co-signed a car loan for my common law spouse, do I have to do a consumer proposal also?

i co signed a car loan for my common law spouse ,, now the car has been repossed by the finance company,, he wants to do a consumer propsal,, do i have to do a consumer proposal also? he also has other debts im not included in those.. Posted from: Ontario

Consume proposal and student loans

Do I have been out of school since 1999. I owe over $30,000 in student loans which I am unable to repay. I don`t want to file for Bankrupcy. Is a proposal an option for student loans. Posted from: Ontario

What about car loans are they cleared through a consumer proposal?

We owe the bank approximately $9000 Cdn on a default of a car loan. The car was repossessed and re-sold, this is the amount the bank that issued the loan is now telling us that we owe them still. Can this be included in a proposal? Also, how can we deal with another current car […]

Do I qualify to file a consumer proposal?

Hello, I`ve two kids and a spouse. Combine salary:84,000 yearly Mortage:350,000 market value 340,000. 7.50% interest rate. Monthly mortage payment: 3,154.00 No car payment. Unsecure debts of $75,000. I would like to know if we would be qualify to claim consumer proposal? if we would have enough money earning combined. If yes, let me know […]

what if your debt was 60% cra will a consumer proposal still be approved

Would it be hard to get approval on a proposal? Posted from: Ontario

What happens to an income tax refund in a consumer proposal

if you do a consumer proposal do you get your income tax return money back Posted from: Ontario

RAJ

WHILE IN CONSUMER PROPOSAL, ARE WE CONSIDERED AS UNDISCHARGED BANKRUPT UNDER THE BANKRUPTCY AND INSOLVANCY ACT OF CANADA, FOR THE PORPOSE OF CANADAIAN IMMIGRATION SPONCERSHIPS ? [email protected] Posted from: Ontario

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