Archive for the 'Consumer Proposals' Category

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? […]

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?

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 […]

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 […]

I have read on your`s and other sites that if you file for bankruptcy you automatically loose your child`s RESP. This is wrong and shouldn`t happen. This money is not for me it is for my childs education and I will not consider doing anything tha twould put these at risk. What are my options?

I am only 22 years old but I have serious money prowblems. There are 3 collection agencies calling constantly, each for different debts. I do have a full-time job, but it is not enough. I olso have an accoutn that is well into my over-draft protection.I need to know if I could file a proposal […]

I was going to call a trustee to sit down and have them review my finances, but I need to get a list of creditors before I do. what is the est way to get this ?

I am in a bind and I am having a hard time making my payments on all my credit cards, my line of credit and really all my bills. I don`t want to go bankrupt but was wondering what other options do I have other than bankruptcy?

Can you include a judgment From another province in a consumer proposal? What if you have debts from another province?

In April this year I will have been out of school I’ve been out of school for 13 years and it hasn`t been until just recently that I have gotten a job in my field and begun the process of trying to repay everything.
The unfortunate thing is that as soon as my crediotrs found out […]