Consumer Proposals: Answers to Questions

Most Recent ‘Consumer Proposals’ Posts

consumer proposal and mortgage

Hi, We are a year into a consumer proposal and our mortgage which we have held for 4 years without any problem is up for renewal next June. Will we have to stay with our current bank or will we be able to go to another bank to redo our mortgage? Our credit is bad […]

Does one get their income tax after a consumer proposal?

Does one get their income tax after a consumer proposal, especially if it has anything to do with government student loans? Posted from: Ontario

Rating

How long does a consumer proposal affect one`s credit rating if they have previously went bankrupt Posted from: Ontario

Division I proposal

Does a division 1 proposal cost more than a consumer proposal, in regards to the cost associated with paying the bankcruptcy trustee? Posted from: Ontario

Proposal Payment

Barton, I am planning on filing a consumer proposal with your firm, but I am wondering what the policy is for the first proposal payment. Do I have to pay a payment up front when I meet with you to file the papers? Or do payments start when it is accepted? Posted from: Alberta

proposal acceptance

Although bankruptcy would be a viable option for me, I would much rather do a proposal. My question is, would creditors accept a proposal as low as .20 cents on the dollar? Over 5 years this would be $18000. According to my income, a bankruptcy would only result in a payment of about $1800 over […]

If a new job

I have taken ill, I`m a disabled worker and going through recovery. I am not able to pay my monthly line of credit in full nor on time, which includes my bills. I lost my job but have found another. If I did a Consumer Proposal, and it was accepted by the creditors, and after […]

can i loose my house

Can i loose my house under a consumer proposal, if my bank that i have my mortgage thru is also owed money like a personal loan and line of credit. My house is apraised at 143 000 and i owe 142 500, so their is no equity in the house for the bank to take. […]

Credit Repair after Consumer Proposals

I had a bill go to collections but it was part of your consumer proposal. Will purge from the system three years from the date of the consumer proposal? Or Will collection account remain on your credit report for six years as a collection account? Posted from: Ontario

Cost of a Proposal

How much does the trustee charge to prepare the credit proposal. Posted from: Ontario

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