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I just signed a consumer proposal about a week ago (i.e just got a file numer and creditors are being notified) but now it appears my wife`s work is being cut back drastically(she has worked one day in the past two weeks) .I now feel that I may not be able to fulfill the terms […]
How do you go about withdrawing a CP? What are the costs to me re the trustee? And, how soon can I file another one with a different trustee? Have you come across this in your practice? I talked to the official receiver, who said `you are going to get a headache if you do […]
I am into my 2nd year of a consumer proposal and I am currently $5000.00 in debt. The debts are mostly cash advances where you pay very hight interest and fees. I was wondering if I could file a 2nd consumer proposal for these debts. Posted from: Quebec
Is Employment is necessary for Consumer proposal? I am thinking of filing consumer proposal for my 55000 credit cards debt. I do not have job. In case of bankruptcy, I will loose nothing, however, in Consumer proposal i am willing to pay some amount. I m looking for job… Posted from: Ontario
I have a $ 50,000 in unsecured (credit Cards debt). I have nothing to pay my creditors. No mortgage…..nothing to loos in bankruptcy. And from this month I am unable to pay my minimum Payments. I was thinking of filing consumer proposal, however I do not have a sound employment right now. 1. Is it […]
What cash flow would be sufficient to file for consumer proposal?I am on EI and have a small part time job,and my husband just started two year carreer retraining program,so we both bring home arround $3300.Altough we hardly manage to cover our basics now,without minimum payments on unsecured credit card,we feel we would be able […]
I currently do not generate any income and have no assets under my name, but I have close to 40,000 in total credit card debt that me and my husband are struggling to pay off. Can I file bankruptcy to get rid of those debts? Thank you! Posted from: Ontario
Thank you for your answer but I still could not comprehend: if a non-Canadian creditor agreed on a cosumer proposal would he still attack my US property afterwards bypassing Canadian creditors who could not do this? Posted from: Ontario
in order to save a lump sum amount for the first monthly payment to the trustee, I cannot pay my current bills. This will cause them to contact me about this. What can I tell them ? Posted from: Ontario
What’s the sequence of events if I receive a majority ‘no’ vote on my consumer proposal? a) Will the ‘no’ voter(s) request an amount they will accept? Do they ALWAYS do this? a) Will the ‘no’ voter(s) request an amount they will accept? Do they ALWAYS do this? b) Or, will my trustee just offer […]
