Consumer Proposals: Answers to Questions

Most Recent ‘Consumer Proposals’ Posts

Is your employer informed

If you file a consumer proposal or bankruptcy, is your employer and your financial institution informed of this? Posted from: Manitoba

I`am in Ontario and have personal debt of about 180K. I have been in default since March 2007.The amount includes one creditor owed 50K who went ahead and obtained a default judgement. All the other debt is revolving lines of credit and none of the other creditors have made any attempt to collect through the […]

mortgage after consumer proposal

Hi, We have filed for Consumer Proposal on 2007 and paid everything and discharged on December 2008. We are working to re-establih our credit now, we have a secured visa and a master card that we are using and paying in full every month. We have good jobs and good money now and we want […]

Consumer Proposal against Sponsorship

I will be filing a consumer proposal soon. I am also in the process of sponsoring my mother. Will the proposal affect my sponsorship? CIC refuses sponsonrship if the sponsor has filed bankruptcy. Is it the same with consumer proposal? Thank you. Posted from: Ontario

Joint proposal or not

Hi my husband is thinking about filing a consumer proposal, do we both have to file if we have joint debt. Posted from: Nova Scotia

Consumer Proposal or Credit Counseling

Question: I have $20K in unsecured debt. I earn good income $100K but previous discharged bankrupt so loans are high interest. I have been reading about credit counselling and consumer proposals. Neither is a great option but I think I need to choose. I am concerned though about the ability to negotiate for a reduction […]

do you get to keep your credit cards

do you get to keep your credit cards Posted from: Ontario

what exactly does happen if you make a consumer proposal after already being bankrupt

So a second bankruptcy really makes thing terrible. And a consumer proposal would avoid *some* of those negative consequences. Which consequences would be avoided? I suppose what I want to know is, what exactly does happen if you make a consumer proposal after already being bankrupt? Posted from: British Columbia

secured loan

i have a loan through citi finacial i had to use household belongings for collaterl if i surrender these items wil it then be a unsecured loan?? also what if i had already sold some of that stuff what happens then Posted from: Manitoba

1st Mortgage

If I do a consumer proposal will my mortgage company still be open to doing a re-finance for me in order to get a better interest rate and lower my monthly mortgage payments? Posted from: Ontario

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