Sentences with phrase «case of a consumer proposal»

While both involve negotiation with your creditors with the assistance of a third party (a trustee in the case of a consumer proposal and an accredited credit counselling agency for a debt management plan), a consumer proposal can provide more relief in terms of lower monthly payments in most situations.

In the case of a consumer proposal, this allows you the time to negotiate an acceptable payment arrangement with CRA.

Not exact matches

An individual's value to his creditors at time of filing a consumer proposal comprises his assets valued at liquidation (auction) pricing (that may be a garage sale for your furniture and household goods, the wholesale cash buyer for your car, or the pawnbroker for your jewellery) after deducting exemption in prescribed, legislated amount (s) for car, household goods, clothing, tools of the trade, medical aids, home, life insurance, pensions, RRSP, etc., which amounts to little or nothing for the large majority of us, less than our debt in any case.

In most cases, if you have equity in your house, a consumer proposal is a better option, since you can make a plan with your creditors to make payments over a period of time as long as 60 months so that you can keep your house.

As for Jane and Tom's case, they went home and thought about the details of our meeting and gave me a call back today to let me know they thought a consumer proposal is the option for them.

In a previous article we compared the cost of 4 different debt relief programs and determined that in most cases a consumer proposal offers the lowest possible monthly payment, significantly better even than a debt management plan.

In the majority of cases, a Consumer Proposal will require you to pay less than the full amount you owe and still get discharged from your debts.

And in a lot of cases well if they'd come in and, you know, for example filed a consumer proposal and dealt all their debt, their income is sufficient to pay their living expenses.

Finally, consumer proposal and bankruptcy will greatly impact your score which can stay on your report for up to 7 years if real estate was involved in the case of bankruptcy.

My firm, Hoyes Michalos, has done thousands of consumer proposals and bankruptcies for people over the years with student loans, and in many cases dealing with all your other debts, like credit cards and bank loans, gives you the relief you need so you can manage your student loans.

In some cases this may require the filing of a consumer proposal before you retire to eliminate your debts.

If I were to file for bankruptcy, or a consumer proposal, in Quebec, and after a year or two I won a substantial amount of money, what would happen to these funds in a court case?

In contrast, in most cases in a consumer proposal an individual can eliminate one dollar of debt for about 30 cents on the dollar — three to four times less expensive than a debt consolidation loan!

And you said that in a lot of cases, a consumer proposal is a better option.

So, on appeal, Mr. Justice H. J. Wilton - Siegel of the Superior Court of Justice — Ontario ruled on March 15, 2013 that the hardship provisions apply in a consumer proposal and in a bankruptcy (the case citation is Eric Joseph Sitler (Re): 2013 ONSC 1576.

So, in 99 % of the cases when someone comes in to file a consumer proposal with us, we will come up with a deal that is acceptable both to you, the person who owes the money, and the people you owe the money to, and your getting legal protection.

This proposal would codify a more substantial role for non-lawyers by establishing a category of service providers called «Court Advocates» in Housing Court and in consumer credit cases to assist low - income litigants.

Financial Manager — Duties & Responsibilities Oversee multiple automotive corporate client portfolios, conduct risk analysis, and perform audits Direct corporate loan process and ensure that client collateral is sufficient in cases of default Investigate client credit rating and determine worthiness of consumer credit applications Recruit, train, and manage team of auditors and financial advisors ensuring professional operations Responsible for department budgets, project timelines, and team workflow Perform reviews to determine appropriate employee compensation, recognition, and disciplinary action Serve as a liaison between bank and clients, partners, outside vendors, and community leaders Present reports regarding audit findings, market trends, and client financial health to senior leadership Develop a rapport with customers and orient them to various products and services Encourage high customer retention by maintaining friendly, supportive contact with existing clients Study industry literature to become an expert on products and services Direct sales operations for 35 + car and recreational vehicle dealerships throughout New England Craft effective sales presentations and proposals, tailoring them to clients based on their specific needs and styles Maintain comprehensive records detailing pricings, sales, activities reports, and other pertinent data Represent company brand with positivity, professionalism, and dedication Consistently recognized and promoted for excellence in management, service, and performance