Consumer Proposals: Answers to Questions

Most Recent ‘Consumer Proposals’ Posts

Consumer Proposal – Changed my Mind!

I signed Consumer Proposal papers on Friday, it`s now Sunday and I changed my mind. My trustee said he filed them. Can I make request to withdraw them? I feel like I need more time to consider my options, and acted hastily. if not, why is there no `cooling off period`. Posted from: Ontario

Lump sum payout

I owe about 80K in unsecured debt to RBC and most to CIBC. Have about 15K in RESP for children. Lost my high paying job and now receiving EI. Struggling to make ends meet. Don`t want to go into bankruptcy as it may affect my future in the banking and insurance industry. Is it possible […]

Division I Consumer proposal

After a Division I Consumer proposal was accepted by the creditors how long will it take to get its court approval? Also what are the chances that the court will not approve this proposal despite the approval of the creditors? Posted from: Ontario

Consumer proposal….

I owe roughly $83,000 in unsecured debts, spread out as follows…… $23,000 mbna mc, $22,500 rbc visa, $16,500 amex, $16,200 cibc visa, $3,800 td visa & $750 telus cell phone. My monthly income is well below the surplus level and I have no assets. I told my trustee I could afford about $100 a month, […]

Question on Directorship

I understand you cannot be a director of a company if you file bankruptcy, what about a consumer proposal? Posted from: Ontario

loan for a car

can you apply for a loan before your consumer proposal is finished Posted from: Ontario

Will a Consumer Proposal affect my application to rent an apartment?

I plan to apply for consumer proposal and sell my house to move into an apartment. Will this affect my application to rent an apartment or get another mortgage? Posted from: Ontario

new regulations

Based on the `new` rules of bankruptcy, What would happen if your surplus income went over 1800 for one month? Would you now be looking at 21 months? thanks for your time… Posted from: New Brunswick

Debt

I owed around $94,800 from different credit cards and line of credit. I`m worried now that I could not pay on time even the minimum amount due me. I`m willing to pay instead of bankcruptcy if only if my creditors will reduce the minimum amount that I could afford to pay on time. I`m working […]

child support

my ex has filed a consumer proposal, what happens to a judgement I have against him for arrears in child support Posted from: Quebec

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