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Hi, I have about 55 000$ in various credit cards debts (about 5-6 cards). I have always payed my credit cards and loans on time and never been late in my whole life and i have no past derogatory credit history. My problem is I am in heavy debts and my salary is not high […]
I am a 54 yr.old widow of 16 yrs.. I live on a widows pension from the federal superannuation group, as well as a small CPP pension from my husband. The total of both is $1357. mos. total. I have been unemployed now for 1.5 yrs. I am paying several contract bills per month, that […]
Do they take your home when you file for bancruptcy? What exactly is equity. Is it the amount your home is worth? or is it the amount you have paid down? I have a $340,000 mortgage and I owe $340,000 on it. Can they take my home. Can they take my home if I just […]
My question is: If all the debts are joint can one person file for a consumer proposal or does it have to be in both of the names? We would like to avoid having to put my spouse`s name so that one of us has some credit left. Thanks, Posted from: Alberta
I have been in a proposal for 2 years paying on time as agreed. Mortgage is fina and all else as I budgeted except…I had never heard of payday loans until last year when I was searching for a way to obtain instant liquid cash as I don`t have credit. I got involved in 2 […]
From what I have read, it seems that the timeline to being fully released from your bankruptcy and able to start repairing your credit can be faster than doing a proposal. If you have been given a 5 year payment plan on your proposal, once paid you have a 3 year wait for the proposal […]
My husband and I think that the smartest solution to our financial issues to for me to declare bankruptcy and for him to do a proposal (he has to be bondable for his job)but the bankruptcy expert we saw said that it would be more expensive for us than if we both did the same […]
we own our truck which is 9 years old.will we be able to keep the truck if we file for a consumer proposal? Posted from: British Columbia
How soon into your proposal can you start rebuilding your credit? Is there no point in rebuilding until the 7 years are over? Posted from: Ontario
MY HUSBAND AND I ARE CONSIDERING A CONSUMER PROPOSAL. aRE CURRENT MORTGAGE (1ST) IS 26O,00.00.ARE 2ND IS 42,000.00. WITH NO EQUITY IN OUR HOME CAN WE KEEP OUR HOME?OUR 1ST MORTGAGE IS UP FOR RENEWAL IN MAY 2010 WITH GE MONEY WHO ARE NO LONGER DOING MORTGAGES IN BC, HOW WILL WE MANAGE TO GET […]
