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Consumer Proposals: Answers to Questions

Most Recent ‘Consumer Proposals’ Posts

Can CRA stop or cancel a personal consumer proposal?

Can CRA stop or cancel a personal consumer proposal, because a new audit after the proposal was accepted by CRA ( weeks later they called a new audit)-because the person was a director of corporation which is closed already, after closure the corporation reassessed by CRA -and according to them the company owes money to […]

Security Deposits after CCAA or bankruptcy filing

If a commercial customer has a Utility account (Hydro) and files either CCAA or Bankruptcy, Can the Utility ask for a security deposit when a customer opens a new account? (when CCAA or Bankruptcy is filed, the Utility closes the existing account and opens a new one so that no collection action occurs for the […]

Can an unsecured debt consolidation loan be excluded from consumer proposal?

My husband and I are considering filing a consumer proposal. We have a mortgage, a car loan, an unsecured debt consolidation loan that my parents co-signed on, and several credit cards. We can manage our mortgage, car loan, and consolidation loan, but are getting further and further into credit card debt. Is there a way […]

Do I include credit cards without any balance ?

Im thinkin of doing a consumer proposal on my credit cards, do i have to include the one with no balance owing it has a small limit ? & also i have a small line of credit at my bank with nothing owed will i lose this also ? Thank you Posted from: Ontario

Consumer Proposal was filed without my consent

Hi, Recently I got a call from my Car Financing Company stating that they have received a consumer proposal request from a company/trustee with my name and VIN. FYI, I paying all my car loan on time and I haven’t engaged any trustee/company. Is this possible? What should I do now? Posted from: Ontario

Non-discharged bankruptcy vs consumer proposal ?

I had filed for a consumer proposal a year ago and I have been paying all my payments on time. Few days ago my bank said that my credit history shows “non discharged bankruptcy” I was shocked. I never filed for bankruptcy through my trustee. Please advise if non discharged bankruptcy is the same as […]

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