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Consumer Proposals: Answers to Questions

Most Recent ‘Consumer Proposals’ Posts

mortgage

If I claimed bankruptcy I understand I would only be “in it” for 9 mths (credit affected for 7) thinking cp may be a better option but for future loans mortgages etc etc am I technically “in” cp until my payments are finished? Posted from: British Columbia

nvr missed payment

I’m looking into a cp, I have never missed a payment to my creditors…trying to keep my credit up…however because debt is so high end up having to charge groceries, gas etc…the vicious wheel. Do I still qualify for cp even though I have always kept up my payments? Posted from: British Columbia

carol

If I rent from a family member and there is no rental agreement between us just verbal agreement on what we pay, how do I prove the amount I pay every month Posted from: Ontario

Change in job

Hi, do i need to notify trustee if there is a change in job situation for better during 45 day period. will i need to refile cp? thank you Posted from: Ontario

Household income

Does the income of my children come into play with a consumer proposal? Posted from: Newfoundland and Labrador

Payment

Under OSB, am i to make my first monthly payment, to Trustee, on signing a Consumer Proposal., or Under OSB, am i to make first monthly payment, to Trustee, after the C. Proposal has been accepted. Posted from: Ontario

Reject a CP?

This site says creditors have 45 days to accept a CP. I’m wondering what the possible pitfalls of filing a CP might be. Can an individual creditor reject a CP? Can some chose to put a lien on your property or take other legal action (if so, what forms?) while other creditors accept the CP […]

True or not

A trustee i talked to, about a consumer proposal concluded our meeting by mentioning a $ 1,800 fee for first payment. Then discussed two $900 payments in the place of fee amount, These payments would be applied as two months payment of my 48 month C. Proposal term. Am i O.K. Posted from: Ontario

About consumer proposal..

Am I supposed to be paying the trustee who is helping me with consumer proposal? Do they get commissioned? Also, is it okay to use a trustee who is not appointed by Court or the government? Posted from: Ontario

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