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My spouse is preparing to declare bankruptcy. I am filing a consumer proposal. My husband and I finance a truck through RBC (joint account). I understand that RBC has a policy to seize vehicles if bankruptcy is declared. Would this be the case in our situation (I am doing a consumer proposal)? Posted from: Ontario
I filed a consumer proposal 18mths ago, and my morgage on my house comes up for renewal in a few months (I have never missed a payment), how will the proposal affect my morgage renewal?? Can I lose my house?? Posted from: Ontario
I am looking at having to file a division 1 consumer proposal and if not approved than i will be bankrupt. My husband and i both need to do this. If we go bankrupt separately can we keep both vehicles. We are financing both and still owe more than the vehicles are worth. Do most […]
What happens to co-signers when you do a consumer proposal for the line of credit that they co-sign on? Posted from: Ontario
What happens if I get a new job or a significant raise while I am paying off my consumer proposal. Will my payments be adjusted upwards? Posted from: Ontario
I am about to file a consumer proposal, and am midway through a 5-year mortgage. I have made all my mortgage payments on time, and will continue to do so. My mortgage broker has told me to be careful, because the company that wrote my mortgage has gone bankrupt and is trying to dump high-risk […]
Hello, My wife and I are thinking of doing a consumer proposal as we are having financial problems. We had our first meeting with a trustee and showed them the income we made etc…Now my wife is currently just starting a daycare and only has one kid so her income is not very high. It`s […]
I filed a consumer proposal about 2 months ago. The other day I recieved a letter from Service Canada advising me I owe them about $4000 in EI overpayments. I am not able to repay this…. am I able to amend my proposal to add this debt?? Please help. Posted from: Alberta
My husband and I are in the first year of a 5 year proposal. Would it be possible for us to get a mortgage with a strong co-signer while we are in the proposal? We have our own home, but its a builder take back mortgage with no renewal after 3 years. So we would […]
My mortgage is up for renewal in July of 2011. I have a perfect payment history and expect I always will. I was considering doing a consumer proposal (I have too much credit card debt for my income to support), and consulted with my mortgage broker first. She told me there was absolutely no way […]
