How to Stop CRA Garnishment After Receiving an RTP Demand Payment Letter

Ever felt the stress of unexpected financial setbacks? How to stop CRA garnishment is a question many Canadians face when dealing with debt issues and a RTP (Requirement To Pay) from the Government of Canada. Understanding the steps to halt this process can alleviate a significant amount of stress and help you regain control over […]

How Many Times Can You Do A Consumer Proposal

Ever felt like you’re stuck in a financial maze with no exit in sight? Debt can weigh you down, making every day feel like an uphill battle. But what if there’s a way to reset and start fresh? How many times can you do a consumer proposal? The straightforward answer is that you can file […]

Who Can Put a Lien on Your House in Canada?

Liens can significantly impact property ownership in Canada, often catching homeowners off guard. Understanding liens—what they are, the types that exist, and who can place them on your property—is crucial for any homeowner. This article unpacks the complexities of liens, explores potential lien holders, and discusses the consequences they can have on property sales. It […]

FILL OUT THE FORM BELOW AND RECEIVE A NO-OBLIGATION CONSULTATION

"*" indicates required fields

Name*

Phone Number*

Email*

This field is hidden when viewing the form

What's the best time to contact you?*

Location*

What city do you live in?*

This field is hidden when viewing the form

Source

How can we help you?

Agreement*

I understand that Bankruptcy-Canada.ca does not provide debt relief services directly and agree to securely share this information with a local Licensed Insolvency Trustee (LIT) for a free, confidential consultation.

This field is for validation purposes and should be left unchanged.

Select Trustee By Province

2nd time consumer proposal

My husband and I filed for a consumer proposal once before and now with job loss and lack of being able to find work we are finding ourselves in the same position again. My question is…is it harder to get your credit back the 2nd time filing a proposal? Or will it work the same as the first time?

Posted from: Ontario

Share this post:

X (Twitter) Facebook LinkedIn Email

One Response to “2nd time consumer proposal”

A licensed trustee said...

If you check on the equifax and Trans Union websites (the two largest credit reporting agencies in Canada) you’ll find that they don’t differentiate between 1, 2 or 3 proposals. They are allreported the same way – once you have completed your proposal the fact that you filed will appear for 3 additional years on your report.

There aren’t that many people that have filed multiple proposals (yet) so these policies may change in the future, but for now, it shoudl be the same as the first time you filed…