CMHC Debt
April 12th, 2012 by Questions
Hello,
I just received a letter yesterday stating that CHMC would be garnishing my wages up to 20% of the gross. Today I find out as well that CHMC placed a freeze on my bank account, is it possible for them to double dip?
I was willing to accept the garnishment as I have other creditors that I have been working with to rebuild my credit but now my fear is that CMHC will be seizing all monies and leaving me no choice but to file for a CP, thereby damaging everything else I’ve been trying to improve.
Is it possible only to make a CP to CHMC? I just started getting back on my feet only to see this knocking me back to square one, please advise as I get paid on Monday and can’t afford to live on 0 dollars?
Thank you in advance.
Posted from: Ontario
One Response to “CMHC Debt”
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April 12, 2012 at 7:12 am, A licensed trustee said:
No, you may not make a proposal just to CMHC – all of your unsecured creditors must be treated the same way. Everyone is in or everyone is out.