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Leasing a Vehicle
If I file a consumer proposal or bankruptcy, does this mean I lose access to my vehicle too? I currently lease my vehicle.Labels: bankruptcy, consumer proposal
posted by Questions @ 9:38 PM
1 comments
Posted on Thursday, September 10, 2009
Posted on Thursday, April 30, 2009
Filing a consumer proposal with recent gambling losses?
I am getting help with a gambling addiction. I have been clean for one month now, I had used credit cards as cash advances to fuel my gambling until a month ago, before I started to seek help.Can I still file a proposal (if denied) a bankruptcy, with recent transactions due to gambling.
I would not want to be charged with fraud, and am willing to be honest and pay or do whatever I have to in order to make my life liveable once again, free from gambling.
Just wondering if that could pose a serious legal problem with me, or can I start to work on a solution to my financial problems now?
Labels: consumer proposal
posted by Questions @ 10:12 AM
1 comments
Posted on Tuesday, September 09, 2008
Judgment against you
If you have a Judgment against you for a student loan, and you graduated in 2000, what happens to the Judgment if your Division I Proposal is accepted ? What happens to it in the event of bankruptcy ? Under both circumstances, can it later be revived after the conclusion of each ?Labels: consumer proposal
posted by Questions @ 8:17 PM
1 comments
Division I Proposal
At what point does enforcement action cease against you with respect to a Division I Proposal ? Is it at the moment that the Notice of Intention is filed ? Once a Notice of Intention is filed, what happens if a couple of weeks later you change your mind and no longer wish to proceed with the Division I proposal ?Labels: consumer proposal
posted by Questions @ 8:15 PM
1 comments
Family creditors
Can family creditors vote in any way at a Division I Proposal creditors meeting ?Labels: consumer proposal
posted by Questions @ 8:12 PM
1 comments
Posted on Sunday, August 10, 2008
bankruptcy protection
We are overwhelmed with debt with no way to make all the payments. We have already been threatened with seizure of equipment such as tractor trailer. stepdeck trailer, lowbed trailer and a dodge pick up. We are also being sue for $248,000 for a tractor trailer that was repossessed. Is there a way we can file for bankruptcy protection? Thank YouLabels: bankruptcy, consumer proposal
posted by Questions @ 8:30 PM
1 comments
Posted on Thursday, December 13, 2007
Is it limit of discharge on consumer bankruptcy?
Proposal up to $75000, Is it limit of dischsge on bankruptcy? What if I owe more than $75000 including student loan? In case of personal bankruptcy.Labels: bankruptcy, consumer proposal
posted by Questions @ 10:02 PM
1 comments
Posted on Sunday, September 23, 2007
If proposal what about husband, secured credit, and being commission?
Can I do a proposal for just myself or is husband's automatically included? If I can do single, what about our joint debt? Since proposal for unsecured, what happens to secured? We have 2 leased vehicles and a mortgage. Can we continue to pay them or do we have to sell? Would our mortgage refinancing at term end (4 years left) be effected by having a proposal on other debt? Also, income is on commission. Base is only $1200/month. Usually make $2000/month. How is budget income determined for proposal? Thank you for your help.Labels: consumer proposal
posted by Questions @ 7:31 AM
1 comments
Posted on Friday, July 13, 2007
I owe approx. $86,000, mostly credit card and lines of credit at a variety of financial institutions. I cannot continue to make all regular payments, perhaps I could sell my home but the equity after commissions etc would only be around 40k.
Is it possible to do a proposal to my creditors to pay this equity in and would they consider this as a viable offer?
Labels: consumer proposal
posted by Questions @ 9:08 AM
1 comments
Posted on Saturday, July 07, 2007
Proposal and Bankruptcy in Alberta
Question: My husband filed a consumer proposal 2 years ago. I chose not to as I felt I could pay these debts. We are now in a situation where we can't meet our monthly obligations, never mind the debts I owe. What is the best plan now? We owe over $46,000 (including proposal). Is anulling the proposal and filing for bankruptcy an option?Answer: You and your husband have three options.
First, he can continue on with his proposal. You could then file your own consumer proposal, file bankruptcy, or deal with your debts in some other manner.
Alternatively, your husband's proposal could be annulled, and he could file bankruptcy. Your options remain the same.
It is not possible to annul a proposal and then file another one, unless you have the prior permission of the bankruptcy court, so in your case that is not an option.
These are complicated decisions, so we suggest you contact an Alberta bankruptcy trustee to meet with you and review both you and your husband's situation in more detail to determine which option is best for both of you.
Labels: bankruptcy, consumer proposal
posted by Questions @ 12:04 PM
0 comments
Posted on Tuesday, April 03, 2007
tax debt
my common law and I owe CRA about $60,000. We simply cannot keep up with the previously agreed upon payments, and even if we could they aren\'t even touching the principal.Now CRA is saying that these payments are no longer good enough and they are going to start garnishing wages and writ our home.
No I have a brother who is willing to lend us some money, but how much would the goverment accept to clear the debt without doing a formal proposal?
Labels: consumer proposal
posted by Questions @ 12:11 PM
1 comments
Posted on Friday, January 26, 2007
vacation club
We have a membership to a vacation club (not a timeshre) that is supposedly tranferable (sellable). We have large numbers of airline points. What is the status of these in a consumer proposal?
Labels: consumer proposal
posted by Questions @ 10:08 AM
1 comments
retaining assets
Under a consumer proposal are there any assets that can be retained for example jewellry, coins, silver?
Labels: consumer proposal
posted by Questions @ 10:06 AM
1 comments
Posted on Wednesday, January 24, 2007
consumer proposal
In filing a consumer proposal can I keep my vehicles? One has a loan secured against if for most of its value the other is a leased vehicle with no equity.
Labels: consumer proposal
posted by Questions @ 9:35 PM
1 comments
Posted on Tuesday, January 23, 2007
Monthly payments
Wha happens if I file a consumer proposal or a bankruptcy and have troubles paying my monthly payments to the trustee?
Labels: bankruptcy, consumer proposal
posted by Questions @ 5:26 PM
1 comments
