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My husband and I have a 74,000 unsecured loan, 23,000 unsecured loan, 32,000 in credit card debt and 6,000 in taxes. We make a salary of 118,000 combined. No equity in our home. What would be the best option for us? Posted from: Quebec
Hi there – If I decide to go with consumer proposal do I lose my car even if I have a loan on it and what happens to my credit score? Posted from: Manitoba
Can you switch a consumer proposal to a bankruptcy? If I am in a consumer proposal and I feel I need to declare bankruptcy can I have the consumer proposal nullified and declare bankruptcy? At this point I am in neither one, I’m just wondering. thank you Posted from: Ontario
One trustee told me in a bankruptcy I lose half my RESP’s another said I lose them all. One trustee tells me move my RESP’s out of my name and I will pay less in a consumer proposal. Another said it does not matter and that RESP’s are not affected in a consumer proposal. Who […]
Once you file for a consumer proposal is it possible to add another debt to the consumer proposal once it’s started? Posted from: Ontario
What happens if the debtor dies while in a consumer proposal before the end? Posted from: Quebec
I have 2 education lines of credit (with different banks) that my parents co-signed for while I was in school. If I file a consumer proposal now, will those loans just revert to them, or is there a way I can insulate them from liability? There’s no way they can afford those payments on just […]
Hi there, I have approximately $43,000 in Canada Student Loans and I was done completed my last course @ NBCC in June of 2007. This is the last time I had student loans or borrowed money at all for my education. Unfortunately, I did not make much once I was done school but luckily I […]
Hello there. Most of my debt is with Scotiabank. Unfortunately that is where my bank account is too. I was advised to change bank accounts if I was planning on a consumer proposal. Most banks won’t let me open a chequing account because my debt is high. I finally found an account I could open […]
Can I incorporate even though I am paying off my Consumer Proposal? Please see below: ONCA Limitation (2) An individual cannot incorporate a corporation if he or she, (a) is under 18 years old; (b) has been found under the Substitute Decisions Act, 1992 or the Mental Health Act to be incapable of managing property; […]
