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I have recently decided to make a consumer proposal. I owe approx. 80k. Should I try to pay my debt down to 75k so I can make a standard consumer proposal? What are the advantages and disadvantages of making a standard consumer proposal vs. a proposal for over 75k? Thanks
I filed the consumer proposal in 2005. I am recently pay off the whole amount. My question is : How can I rebuild the credit ? Any other option ? e.g. deposit a lump sum amt of money to get a credit card to rebuild a credit.
I have requested a credit report post fulfilling the requirements of a consumer proposal (early). It is being called a bankruptcy by some of the companies (although at the end of the credit report it does state that a consumer proposal was filed and fulfilled) and some of the old debts are listed as bad, […]
I am in a consumer proposal with a trustee, if I am going to file bankruptcy in another trustee, in other words, switch to another new trustee, am I allowed to do so?
I filed a proposal which was completed in BC in June/2007. In my proposal was included a loan from citifinancial for $10,000 (my household furniture (3 items) were used as collateral. The proposal showed $8,000 unsecured and $2000 secured (my entire household asset were $2000 including 3 itmes). I had told the trustee that i […]
I files a consumer proposal in March/07 and it was paid in full in May/07 (3rd party helped with 1 time settlement. i understand that a proposal stays on for 3 yrs. Recently my credit bureau shows creditors reporting the debts (inclued in proposal) as R9 in oct/nov 2007. When will these R9`s come off […]
We are considering either a consumer proposal or bankruptcy. We will meet with a trustee in Quebec. Unfortunately, a few years ago my father co-signed our mortgage because it was abit over our `heads`. Now this reality has bitten hard! Q: Since we have no equity built into the house, it sounds from all info […]
how long after you have made all the payments in a proposal before you can get credit again. I want to purchase a house.
I am currently in a consumer proposal (DIV I type) that will last another several years. I`m self-employed and have a sole proprietorship. My client is requesting that I get incorporated. Is it possible to for me to incorporate while under this proposal? I do not have any employees.
When I file a Consumer proposal and there is a wage assigment from my Credit Union, can the Credit Union have my employer submit 20% of my net pay to recover the debt? This is in Ontario. Can the Credit Union sieze and sell the security AND file the wage assignment with my employer? Would […]
