Unfortunately I had to file for bankruptcy in 1997. While things were good for a while, conditions have arose and I am now in a bad financial position once again. In total I owe around around 115k.
The problem is that I want to do a Consumer Proposal, although I realize I am currently over […]
Archive for the 'Consumer Proposals' Category
Posted on Tuesday, July 15, 2008
Posted on Wednesday, July 2, 2008
Hello, I want to file a proposal but I am over limit. I was going to try to refinance my home, but I simply can`t get enough out of it to pay my debt, but was thinking if I took out a second mortgage I could pay off one of my credit cards, then […]
Posted on Thursday, June 26, 2008
Hello, I first want to thank you for all the information you provide on this site. I have just finished filing a consumer proposal largely based on your advice and last week our proposal was accepted by our creditors. My proposal covered about $49k of debt, but I just realized I forgot to […]
Posted on Thursday, June 26, 2008
I part way through paying off my consumer proposal and have just found out that I have a fairly significant inheritance that will be coming due shortly. Am i required to inform my trustee? Will I be able to use this money to pay off my proposal?
Posted on Tuesday, June 17, 2008
If I have a consultation with a Trustee does it affect my credit?
I have been reading a lot about a consumer proposal and was wondering if it would cover all or part of my debts? The reason I ask this is that I need to keep my car so I can get to work […]
Posted on Wednesday, June 4, 2008
Right now I lease a car and am planning on filing a proposal within the next month. The car I lease is far to expensive, guzzles way to much gas and I simply cannot afford to keep the vehicle. Can I return the car? If I return the car what will happen and if I […]
Posted on Wednesday, June 4, 2008
Hello,
I owe $65,000 in credit card debt, $15,000 in student loan debt. I have very few assets, I make $2424 net per month and my living expenses come to approximately $1,700 per month, not including my debt servicing costs. Since I have $a decent amount of surplus, would a trustee prefer I do a proposal? […]
Posted on Wednesday, June 4, 2008
I think I read somewhere that if you are going to file a consumer proposal you can`t have more thank $75K in debt. Is this right?
If so, is there a possibility that the limit be raised soon and if it is going to be changed do you have any idea when that may happen?
Posted on Wednesday, June 4, 2008
My wife and I are having difficulties. Between us we make $120,000 per year but our debt simply is not maneagable and we don`t know what to do. Right now we have approximately $45,000 in lines of credit which have been fully drawn on. We have mountains of credit card debt (a total of roughly […]
Posted on Wednesday, June 4, 2008
Both my wife and I have debts. I have cosigned on some of hers and she has cosigned on some of mine. We live together, have been married for 10 years, and have 2 children. We both work. My question is can the both of us file a consumer proposal togher. I have read your […]

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