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Consumer Proposals: Answers to Questions

Most Recent ‘Consumer Proposals’ Posts

Getting a shared mortgage after a Consumer Proposal

I did a Consumer Proposal and was able to pay it off in full in 6 months by selling my house. My boyfriend and I want to sell his house and purchase a new home together. I have a secured credit card, continue to make my car payments and have money in the bank. Will […]

Ms.

Can you choose which debt to include and which not to. Posted from: Ontario

Death during a Consumer Proposal

If a person is in a consumer proposal and one day just happens to die what happens to the consumer proposal with all that debt?  Can the creditors come after your estate, life insurance, etc. Posted from: Alberta

house

If part of my proposal requires me to give up my house,can the creditor come back down the road and get the difference when it is sold.if he does not recover all from the sale? Posted from: Ontario

Newer loc & proposal

I have a National bank loc but for only 1 year now. I make all minimum monthly intrest payments, do you think they(or any bank) will be difficult to deal with for a proposal? Posted from: Ontario

CP and secured debt

I’m considering to file for a consumer proposal and have a decent understanding of what you can add and can’t add. I have a joint (or guaranteed… not quite sure) loan with my common-law spouse that is secured against the home that we live in. The house and mortgage are in her name. with the […]

Consumer Proposal Spending

My husband and I are unfortunately going to have to file for a consumer proposal. There are some things that need to befixed around our house. What would happen if we paid for these things with a credit card before filing? Thanks Posted from: Ontario

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