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My husband and I hold separate accounts and debts. Do we both have to file a proposal or can just the one who is struggling. I can manage my debt load as well as my share of expenses but he is falling behind and I don’t have extra in my budget to help him Posted […]
My goal is to purchase my first home in about 5 years; 2 years to pay off proposal, 3 years until my bad credit gets purged while saving for a down payment. By filing CP, it becomes matter of public record forever. Do lenders/banks look at this before they approve you? Is it a big […]
After doing a lot of research online, I think our best option is consumer proposal. Before I book an appointment with a trustee, I have a question. One of the loans that my husband acquired is a personal loan. We do not want to jeopardize that relationship with this friend. Is it possible to keep […]
would there be a problem to renew a morgage after a consumer proposal Posted from: Ontario
Good day–I have been in to visit with two trustees and there are major inconsistencies between them both on an array of points. Question–one trustee told me that TD(my largest creditor) should have the majority of voting shares. The other said that TD never votes–if this is the case–the votees left will likely create problems […]
I am intending to file for divorce in the new year, and we have major consumer debt. Would it be better to apply for a consumer proposal before filing divorce or after? Posted from: Alberta
Hi I am a real estate agent. If I file bankruptcy or consumer proposal will I lose my license? Posted from: Ontario
I forgot a creditor in my consumer proposal. This month it has been the three years since I paid out my proposal and I check my credit reports and a new on has shown up from 2008. It was a debt of $190.00 from May, 2008 and I filed the consumer proposal in December, 2009. […]
Hello, We currently have a consumer proposal. We find the payments are too high for us to pay. Bankruptcy is our next option but we just aren’t sure about it yet. Can we stop our proposal, wait a couple of months and then go into bankruptcy if that is what we decide? Thanks for your […]
I work as a mortgage broker, income has dropped significantly over past 12 months. I owe approx $100,000 ins unsecured debt and $20,000 to CRA. My income after business expenses is approx $2500. How can I find out if I qualify for a consumer proposal? Posted from: Newfoundland and Labrador
