Sentences with phrase «cases in a consumer proposal»

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!

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.

The difference is substantial enough that in most cases people file a consumer proposal the second time around.

In many cases a consumer proposal is a better solution.

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 housIn 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 housin 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.

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 plaIn 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 plain 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.

Every case needs to be examined in order to determine whether bankruptcy, a consumer proposal, or even an alternative avenue, is the most viable option.

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.

In our case study we look at how Steve can best accomplish his debt consolidation objectives by filing a consumer proposal.

Based on our experience, unless you decide to renew your mortgage with a new lender and therefore file a new credit application, a consumer proposal filing should still allow you to renew your mortgage with your existing bank in most cases.

In some cases a consumer proposal is a better option than a second bankruptcy, since by filing a proposal you have certainty over what you will be required to contribute during the process.

In these cases, we can present a consumer proposal as a viable alternative.

In Canada, a consumer proposal is an excellent solution in many caseIn Canada, a consumer proposal is an excellent solution in many casein many cases.

Or you could file a Consumer Proposal as an alternative to bankruptcy (in which case your assets are yours to keep, anyway).

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.

Fortunately, I have some good news: In most cases a consumer proposal will improve your credit score.

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 a typical case the credit cards and other debts you owe money to will accept a consumer proposal where you pay $ 300 per month for 5 years, or $ 18,000 in totaIn a typical case the credit cards and other debts you owe money to will accept a consumer proposal where you pay $ 300 per month for 5 years, or $ 18,000 in totain total.

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 almost all cases a consumer proposal will provide you with the lowest monthly payment.

In almost all cases however, payments in a consumer proposal are less than other debt relief optionIn almost all cases however, payments in a consumer proposal are less than other debt relief optionin a consumer proposal are less than other debt relief options.

In both cases, if a creditor has taken collection action against you (even the Canada Revenue Agency) or has imposed an enforcement measure such as a wage garnishment or frozen your bank account, this is stopped once a bankruptcy or consumer proposal is filed.

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

So, when we compare the two options — a consumer proposal or a debt settlement — we said that a debt settlement in most cases doesn't actually work.

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.

Doug Hoyes: Yeah, and I guess if you're retired but you've got a significant pension, perhaps you worked for a company that had a full pension plan, maybe you were a government employee and worked for a big company, than you still have significant income coming in just not enough to be servicing all the debts so you don't want to do a bankruptcy with the negative implications for that so in those cases, a consumer proposal does work as well then.

For that reason in most cases a consumer proposal is the preferred bankruptcy alternative.

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

In most cases the big banks and credit card companies will accept a consumer proposal if they will be... Read more»

However, in order to enact their proposal, they will need to make the case that it will not have adverse effects on consumers.

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

The Bureau stated its belief in the proposal that the notice required under proposed § 1026.38 (q) should in all cases reference the creditor, rather than the closing agent, even if the closing agent provides the disclosures required under § 1026.19 (f) because the creditor is better positioned to answer the consumer's questions relating to the disclosures.