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Consumer Proposals: Answers to Questions

Most Recent ‘Consumer Proposals’ Posts

Consumer proposal

A person is paying a car if he does a proposal he lose his car? Posted from: Ontario

Help

I want to file for proposal- I have been helping my dad who is sick back home in india and sending money every month for him to get treatment. Will this cause any issue when filing? Posted from: Ontario

unsecured

Citifinancial holds a second mortgage on my home and and an unsecured personal loan that has about 5500 left on it. If I go through with a consumer proposal can they try and take my home or add the loan to my second mortgage ? I have never missed a payment with them. Posted from: […]

Monthly expenses

It is my understanding that your monthly expenses are not concidered, only your income. . Thus I am feeling I am not able to make a proposal due to the fact I have to have a place to live and that is not taken into accoutnt. This was frome a cosumer debt councilor. What do […]

confused

I’m a little confused. In a consumer proposal, are you making the same proposal to all your unsecured creditors ? What I mean is are they all being offered the 30 percent pay back or are some offered more or less depending on the size of the loan ? Posted from: Ontario

am i reading this right?

from what I have seen in some of the posts please correct me if i am interpreting this wrong. I have a proposal and in about a year my student loans will be over the 7 year mark, i can then have my trustee apply to have them included into the proposal and they will […]

Second time

Is your credit ratin effected for 14 years, as opposed to 7, if this is the second time a formal proposal has been submitted? Posted from: Ontario

CONSUMER PROPOSAL

HOW LONG BEFORE I CAN APPLY FOR CREDIT ON A CONSUMER PROPOSAL? Posted from: Ontario

Bank Account & RRSP

My husband and I are thinking about doing a consumer proposal. We met a trustee this am, she advised us to open a new bank account that we don’t owe money to. She also said to move everything over to that new account. Should I also move my RRSP’s as they are with the bank […]

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