Sentences with phrase «consumer proposals so»

For that reason we have put together a complete guide to consumer proposals so you can determine whether or not filing a proposal is the right option for you.

As you can see, there are many factors that will impact your decision on whether or not you should file bankruptcy or a consumer proposal so it is important to disclose everything to your trustee, and to ask a lot of questions so that you fully understand the process.

So if you have debt and risk losing an RESP, you may be better off to either file a consumer proposal so you can keep your RESP or pay down debt and then worry about a registered education savings plan.

Interest stops during a consumer proposal so your payments never increase from those set in the terms of your arrangement with your creditors.

We have combined the steps and proceedings for both a personal bankruptcy and consumer proposal so that you are able to compare and contrast the differences between the two insolvency procedures, at each stage along the way.

In addition, interest is frozen in a consumer proposal so your payments do not increase beyond what you agreed to pay at the beginning of the proposal.

Not exact matches

In addition to getting rid of the potential for so - called fast and slow lanes on the internet, as allowed by a federal court last year, the proposal would provide consumers with stronger privacy protections.

This notion that corporate consumers are just looking for «greener» options is what's behind Dr. Peter Silverstone's proposals for changing the royalty rates so that Alberta's oil sands producers have real incentive to make the world's greenest oil (http://greenestoil.ca/blog/).

FSANZ hopes that this proposal can help to make allergen labelling clearer, so that food allergen - sensitive consumers have clear and sufficient information in order to make informed and safe food choices.

New Yorkers for Economic Growth, a coalition of small businesses, grape growers, liquor store owners, wineries, consumers, and grocers, unveiled a new 30 - second TV ad that urges New Yorkers to pressure lawmakers to support legalizing the sale of wine in grocery stores — a proposal that so far has failed to catch fire in Albany.

And I think you made a key point there and that is if you're considering filing a consumer proposal or a bankruptcy the phrase you used is your credit is already in the ditch meaning you've already got bad credit so saying oh I'd really like to preserve my credit, I don't want to go bankrupt, well, wait a minute, you already are in bad shape.

So, what you're saying is the consumer proposal or bankruptcy puts a stop to the debts.

Doug Hoyes: So, let's talk about the rebuilding then because myth number three that people are totally worried about is well, if I go bankrupt or file a consumer proposal it's going to ruin my credit forever.

«The proposal is intended to enhance protections for consumers and to resolve areas of uncertainty so that card issuers fully understand their compliance obligations,» the Fed said.

A consumer proposal or a personal bankruptcy both give you a legal option to deal with you debts so you can get on with your life financial.

If you are considering a bankruptcy or consumer proposal we always recommend that you have your outstanding tax returns prepared and filed so that the debt is known and a plan to deal with debt can be arranged.

A consumer proposal also allows you to consolidate your debts into one monthly payments and so is a viable approach to debt consolidation if you have significant credit card debt, tax debts or unsecured lines of credit.

Obviously, an R7 rating in a consumer proposal is much worse than a perfect R1 credit rating, so that is an obvious disadvantage of a consumer proposal.

Jason Quinney: Well, if you fall three months in arrears, so if you fall three months behind in payments in a consumer proposal, then the proposal's automatically annulled.

Consumer proposals involve contacting your creditors and saying, in effect, that as much as I would like to pay back my debts, I can't afford to do so, so will you accept partial payment and call it quits?

→ In your consumer proposal, you agree to pay $ 1 for every $ 10 owed, so your mortgage lender ends up getting approximately $ 25,000 from you, meaning the lender now has a loss of $ 225,000.

Eventually, we got so behind on our mortgage payments that we put our house up for sale and I filed for a consumer proposal.

However, if the equity is greater than $ 10,000, the trustee must realize on the equity, so again a consumer proposal is often the preferred option if you want to keep your house.

Kawartha Lakes» bad credit lenders do not dwell so much on your credit score, bankruptcy or consumer proposals as to them it does not affect equity owned.

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.

We've analyzed the numbers for our clients across Ontario, and we've found that almost one third of my clients, people who have so much debt that they have no choice but to file a consumer proposal or bankruptcy, owe almost $ 3,500 on not just one but over 3 payday loans when they file with us.

So I'm in a room and there's a hundred people in there, more than 10 of them at some point are going to be in such financial difficulty that they're going to have file a bankruptcy or consumer proposal.

So, our clients end up primarily when they have payday loans and other debts they're looking at a consumer proposal.

So, of our clients who have filed either a consumer proposal or a bankruptcy, what can you tell us about the level of student loan, student debt that they're carrying?

While women are somewhat less likely than men to file a consumer proposal, thereby avoiding bankruptcy, just over one - half (59 %) do so.

Doug Hoyes: So the value of the house continued to increase so he came to see you well into his consumer proposal, it had been up and running for I don't knoSo the value of the house continued to increase so he came to see you well into his consumer proposal, it had been up and running for I don't knoso he came to see you well into his consumer proposal, it had been up and running for I don't know.

I don't think Mr. Cooper was directing his tweet specifically at me (since I have never made that statement), but I took the bait and tweeted back that a consumer proposal is not the same as bankruptcy, so perhaps it was time to shoot a video so we could each explain our position.

Ted Michalos: Alright so, a consumer proposal is an arrangement to repay a portion of what you owe.

So, give us the 20 second overview, what is a consumer proposal?

So, to find out more about walking away from your debts or how you can evaluate whether or not your consumer proposal will be accepted, please go to our website at hoyes.com, that's h - o - y - e-s-dot-com for full show notes and links to everything we discussed today.

So, we just talked about one of the solutions when you are being pursued, your wages are about to be garnisheed, you can file a consumer proposal.

Approximately one third of the people we help already own a home, so if you have some equity, but not enough to qualify to increase your mortgage, a consumer proposal is almost always a the best option.

So, the most common solution by far if someone is a homeowner but also has a whole bunch of other debt, is a consumer proposal.

Doug Hoyes: And there you go so deal with the route of the problem and the consumer proposal, the creditors get one vote for every dollar that's owed, it's very rare that the payday loan people are the deciding vote, it's usually the other creditors, so usually there is a deal that can be made.

Consumer proposals are not the only way to eliminate your debt, so we will discuss your other choices.

A list of your expenses each month is very helpful, so that your trustee can advise you as to whether or not a bankruptcy, consumer proposal or another solution is most affordable for you.

And what's been happening over the last year or two is their house has gone up in value so much that yes they can actually refinance or sell it, and as a result they don't need to do a consumer proposal or a bankruptcy to deal with their debts.

So, for an individual to get Canada Revenue back on board when they are the majority creditor has to have a plan to ensure that they're not going to be a tax debtor going forward, that they have a plan to deal with their tax debts going forward and then they can deal with the consumer proposal for the past debts.

However in a proposal creditors have a say up front, so the need to go to court doesn't usually happen in a consumer proposal.

So, how do you decide whether a consumer proposal or a bankruptcy is the best option for you?

So I can understand why someone earning $ 2,000 or less per month, which is, like, about 29 % of the households we help, would have trouble meeting their living expenses, but roughly a third of the people who go bankrupt or file a consumer proposal have income between $ 2,000 and $ 3,000 a month.

So, what are the things that I as a bankrupt person would have to do in a bankruptcy that I wouldn't have to do if I file a consumer proposal?

So if you have $ 50,000 in debts that are more than you can ever hope to repay, and an RRSP with savings accumulated from before the past year, a consumer proposal or bankruptcy may be a good option.

So, if you've got a massive amount of debt that you can't service on your own, a great way to clean up your debt mess is by filing a consumer proposal.

So, what happens to your credit when you file a consumer proposal?