After Creditor Proposal is accepted
Can people find out if I have an accepted creditor proposal, i.e. I am insolvent? Posted from: Ontario
Consumer Proposals: Answers to Questions
Most Recent ‘Consumer Proposals’ Posts
consumer proposal in canada and us property
So, if I understand you correctly, even after a consumer proposal (wher a property in the US was taken into account) gets accepted, a non-Canadian creditor can still take it or demand a cash equivalent while Canadian creditors could not do this? Is this fair to all creditors? Posted from: Ontario
Will a Proposal Help me?
I lost my job last year and got behind on rent. Rent Bank helped a bit but I was still behind and my landlady asked me to move within two weeks. As such I did but she went to the tribunal even though I was paying off the debt slowly. Now a collection agency is […]
When can I get a credit card?
When Can I get a credit card if I have a Consumer Proposal? Some say after 9 months I file (not finished paying), some same 9 months AFTER I finish the proposal (paying) and others say after the proposal (paying)? Which is correct? Posted from: Ontario
Business Ownership
My spouse & I have accrued considerable credit card debt in order to keep our business afloat during difficult times. Will our business automatically close if we enter a consumer proposal or declare personal bankruptcy? These debts are unsecured. Posted from: Ontario
getting desperate
my monthly payments are up to date because i have been taking cash advances from line of credits to pay credit card payments and vice versa – can i still file a consumer proposal even though i am not behind in anything – just getting progressively deeper in debt Posted from: Ontario
Majority ‘No’ vote on consumer proposal
If I get a majority ‘no’ vote for my CP, is a physical meeting always scheduled within 21 days? Or, will the creditor voting ‘no’, make a counter offer right away, rendering a meeting unnecessary. I would agree to any counter offer to avoid bankruptcy. How does this work? PS, My CP is giving them […]
consumer proposal and a leased vehicle
My husband and I are considering filing for a Consumer Proposal. We have $20,000 in credit card debt. as well as an $8,000 consolidation loan. My concern is that I have a Leased vehicle that I require for work. Will I have to return my vehicle? Thank you! Posted from: Nova Scotia
US property and a consumer proposal in Canada
I have a US property with some equity in it. If I submit a CP in Canada will be my US property protected against my creditors based in Canada and also Europe. Thank you, Anna Posted from: Ontario
home equity prevents me from a proposal?
I am separated from my husband. I am living in a rented appartment. He has not paid me my part of the home we own. He is finally putting the home for sale. but in the meantime…I am being harassed by creditors. If the house does not sell in a couple of months…can I do […]