Archive for the 'Consumer Proposals' Category

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 […]

One quick question. As for background I filed a consumer proposal just about two years ago, actually 2 years this may. Our house has appreciated a tonne and I wondered if I could sell it and use the funds to pay off some of my wifes debt and the rest to pay down my proposal. […]

I have already filed a consumer proposal (about 6 months back) but my hours have been rolled back at work. Can I still declare bankruptcy?

I filled a consumer Proposal which required me to pay 700.00 per month for three years. I had a child and could no longer afford to make these payments, so I failed my proposal. This was Three years ago. I tryed to open a checking account and was refused by the bank. What do I […]

If I file a consumer proposal over a bankruptcy will I still have a bad credit rating?

I’m Canadian, but now live in the US. Am I still eligible to file a consumer proposal to deal with my Canadian debt even if I am living in the US?

What is the maximum time frame a creditor has to collect a debt?
What legislation / regulation governs this?
If these regulations exist, do they apply in the event of a failed consumer proposal or OPD?

What normally happens once a consumer proposal is completed, can any of the creditors listed in the proposal come back after me and sue me for the outstanding debts?