settlement vs proposal
Why is there debt settlement and consumer proposals? Which is better to do? Can we do these options if one of two of us has lost their job? Posted from: Manitoba
Debt Settlement: Answers to Questions
Most Recent ‘Debt Settlement’ Posts
Award entitlement
If I am currently under bankruptcy, not yet discharged, and I have incurred personal debt to a ‘private’ individual for court proceedings unrelated to the bankruptcy, and the courts award me my court costs in settlement, does this money need to be repaid to the Licensed Insolvency Trustee??? Thx Posted from: Ontario
Debt Settlement
I have about $156,242.77 in credit card debt and included with this is a loan for some home improvements we had done which total $28,138.86 but it is in with the above total. Would I still qualify for a debt settlement? I would have about $2400 each month to contribute. Posted from: Ontario
Debt Settlement
I have about $286,120.89 in credit card debt which is not from personal spending but rather cash advances we had to put into our company to keep from going bankrupt at the time. I have about $2500.00 coming in each month to deal with this but it is not enough obviously. Do I qualify for […]
settlement with CMHC
Will CMHC settle with 20% of the owing debt. I have heard this from a few people Posted from: Alberta
Options
im going through a divorce and could possibly end up with 46000 dollars worth of debt. i bring home 2200 a month, this debt doesnt include my car that i have monthly payments on. I’m struggling very much with with all the debt at the end of the month. i am left with approximately 900 […]
Deposit account for pension not secure
I’m 52, pensioned off (25 years) from a major Cdn Bank. Only income is my small pension. EI exhausted. Former employer (Bank) is main creditor. Bank pension cannot be deposited to other Financial Institution. Account has O/D, at limit. Each month, within minutes of pension deposit, I move funds via EMT to other FI. Once […]
Bondable?
I have no outstanding debts at present (i.e. all debts settled/paid), but have settled debts that appear on my credit report as ‘derogatory’ (R9). Does such a credit history prevent me from being ‘bondable’? Thank you. Posted from: Ontario
Sorry Creditors
I have a 13,500 loan on a car, and a mortgage that has a balance of 133,000. Plus I owe over 15,000 on a personal loan, and over 10 on credit cards. I had a change in employment, and have noticed a damaging cycle that I can’t get out of. What should I do, if […]
McGinty
My husband recently disclosed to me that he has credit card debt of more than $80,000! He has arranged to pay one with some money down, and $500 a month, and has offered the same to the other, but it was turned over to a lawyer and they have not responded to any of his […]