Now you were talking about offering this settlement and how that all works, I'd like to get into a bit of that but we're going to take a quick break first, and we're going to come back and talk more
about consumer proposals with Ted Michalos here on Debt Free in 30.
Not exact matches
Jack Hartings, chairman of the ICBA, asked the Alabama Republican
about possible changes to the
Consumer Financial Protection Bureau's «qualified mortgage» rule, including a
proposal that would allow more loans held in portfolio to be considered QM, along
with relief from some escrow requirements and balloon mortgage restrictions.
Today on Debt Free in 30 I talk
with mortgage agents Michael Smele and Bev Gay
about whether it's possible to buy a house after, or even during, a personal bankruptcy or
consumer proposal.
If you would like more information
about consumer proposals in Greater Vancouver or need help figuring out if you qualify, a simple next step is to get in touch
with Westgeest & Associates, your gov» t Licensed Insolvency Trustee, for an individual, private conversation, assessment.
We have years of experience
with debt consolidation, orderly payment of debt program,
consumer proposals, and bankruptcy that can work in your favor as you approach your debt resolution and tell you
about each solution and how it can help you find your way out of debt and toward a better future.
I also completely agree
with her point
about the biggest benefit of filing a
consumer proposal.
As required by law, Hoyes, Michalos & Associates Inc. gathers a significant amount of information
about each person who files either a
consumer proposal or bankruptcy
with us.
However, there are benefits to filing a
consumer proposal as a way to deal
with your debt, and many (
about 50 % in Ontario) choose this route to get debt relief.
So we're going to talk
about the cost of a
consumer proposal, but let's start again
with the basic question, what exactly is a
consumer proposal?
Guest commentary by Billy Martell, Bankruptcy Trustee and
Consumer Proposal Administrator, Hamilton, Ontario Embarrassment is a common feeling a lot of people experience when talking
about or dealing
with their debt.
In light of this, individuals
with insurmountable student loan debt and low incomes should consider learning more
about personal bankruptcy and
consumer proposals as a structured way towards a new financial future.
So in the four years that I've been
with Sands and Associates, I think we've went from
about a third of our files being
consumer proposals to — and in some of our offices, it's a majority every month.
If you need more information
about whether or not a
consumer proposal is a good option the first step is to book a consultation
with a Hoyes Michalos
consumer proposal administrator.
The
Consumer Electronics Association is less than happy
about it, saying during the
proposal process, «CEA is disappointed that the CEC rushed forward
with proposed regulations despite overwhelming opposition and concrete evidence of harm to California should these regulations be adopted.
To find out more
about filing a
consumer proposal in Ontario
with Spergel, contact us today for a free consultation: 310-4321.
The Bureau stated in the
proposal that it believed that, by providing the
consumer with basic information
about the property that is the subject of the loan transaction, this disclosure will promote the informed use of credit and more effective advance notice of settlement costs and will enable
consumers to better understand the costs, benefits, and risks associated
with mortgage transactions.