Consumer Proposals: Answers to Questions

Most Recent ‘Consumer Proposals’ Posts

Is working with a trustee free?

Hello, I was wondering if hiring and working with a trustee costs me money. In fact, I’d like to know if there are any fees I need to pay other than the monthly debt payments. Thank you. Posted from: Ontario

conflicting Information

can you apply for credit during a CP? some people say yes, some people say no. I’m in a CP right now, was advised to do a lease on a vehicle, but would like to change the lease if possible to loan but really not even going to bother asking if i am not allowed […]

Mr

How do i deal with a trustee that did not exercise due diligence and his fidicuary duties when representing me Posted from: Ontario

Tax debt

If you will be appying for consumer proposal and get approve, what will happen to your tax debt following the tax season while you are in consumer proposal. Do you have to pay? Will your trustee file a new form for it? Posted from: Ontario

Chris

I owe $57,000 in credit card debt. We have been bankrupt twice before. Can I file a consumer proposal? Posted from: New Brunswick

Pension half way through a Proposal?

If I qualify for filing a CP and I do it now…in two years when I have to officially retire, will my employment pension be in jeopardy as my repayment course will occur for two years now and beyond my retirement for 3 years. I will be forced to retire in the middle of my […]

voting period

when does the 45 days start in a proposal. from signing or upon filing? thanks. Posted from: Ontario

proof of income

I am planning to do consumer proposal. However i just started at my new job, will employment letter be enough for proposal application? Thank you Posted from: Ontario

Tax debt

Will a consumer proposal cover the amount we owe to CRA for last years taxes? If we wait until after this years taxes are due will it include those as well? We owe 10,500 income tax and $3500 HST. Come April we will owe at least another $10,000 which we won’t be able to pay! […]

Consumer Proposal Questions

We have $125000 debt, no assets, contacted a trustee who suggested an 28% proposal, however his math didn’t add up – $50000 repayment. Do the trustee’s fee come out of the 28%, or get added onto the total amount owing? Are the fees for a consumer proposal regulated? Posted from: Ontario

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