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I got approved with CP almost 2 years ago. I have another 2 years to pay. When I applied, I have no children, now I have a baby and expecting. I am paying $250 every 2 weeks and now find it difficult to pay $250 becuase of extra expenses for my baby. My question is, […]
will a consumer proposal help me if my car has alredy been reposessed . I want the car back but with baliff and towing fees on top of what I owe the bank its over 3000.00$ Posted from: British Columbia
I`m considering filing a proposal to pay back my debt as my husband and I have split and I can longer pay what he left me with. I moved here to be with him from the US and have been a permanent resident since 2005. Will this have any effect on my permanent residence or […]
We are about $90,000 in debts. Three year ago I transferred our property to my daughter as she paid all our debts at the time (over 80,000) and also paid the remaing mortgage aprox 26,000, the market value of the house at that time being $129,000. My husbund being retired and disable, and me loosing […]
I want to file a consumer proposal for unsecured credit card debts and foreclosure deficit. Everything is only in my name, and i have a good job to afford monthly payments so whose income would be considered to determine monthly payments. My spouse does not want to get involved in any of this. Can my […]
MY TRUSTEE IS MAKING A CONSUMER PROPOSAL TO MY 5 CREDITORS. THE OFFER IS 60 CENTS ON THE DOLLAR WHICH WILL BE AROUND $21,000 IF EXCEPTED. THE TRUSTEE HAS ASK ME FOR $2,500 TO WRITE UP THE PROPOSAL. IS $2,500 A FARE PRICE TO PAY FOR A PROPOSAL. Posted from: Ontario
What does the trustee need to have when you go for your first meeting? and why? Posted from: Ontario
if i recieve an inheritance during a consumer perposal do keep the money or tell my trustee about it Posted from: Ontario
If a CP is finally rejected, and one doesn`t wish to go bankrupt, what options are there? I keep hearing `the creditors will come after you`. Have you heard of debtors pay their arrears so their accounts are up to date and then continuing to pay them as previously? Can you sign up for a […]
After the 45-day passage, and prior to the creditors meeting (which is being held due to the CP not passing), what goes on behind the scenes with the trustee and creditor. 1.Do they negotiate a new deal back and forth and then present it to the debtor at the meeting? 2. Does the creditor simply […]
