Sentences with phrase «eliminated in a consumer proposal»

Student loans are similar to all unsecured debts: they can be eliminated in a consumer proposal.

Not exact matches

In a consumer proposal, that means your student loan lender can receive a share of the proceeds, and your student loans will be eliminated when you are done.

In this video, Doug Hoyes, Bankruptcy Trustee and Consumer Proposal Administrator explains why a consumer proposal is one of the best choices to eliminate overwhelminConsumer Proposal Administrator explains why a consumer proposal is one of the best choices to eliminate overwhelminProposal Administrator explains why a consumer proposal is one of the best choices to eliminate overwhelminconsumer proposal is one of the best choices to eliminate overwhelminproposal is one of the best choices to eliminate overwhelming debts.

By filing a consumer proposal or personal bankruptcy, you are protected from your creditors, will eliminate all or most of your debts and be permitted to keep your investments (minus contributions made in the last 12 months).

Learn more about consumer proposals in Ontario, what they are, what creditors are looking for during negotiations, and how a consumer proposal can eliminate your debt.

In a bankruptcy or consumer proposal government guaranteed student loans are subject to something called the 7 year rule before they can be eliminated.

In these circumstances it may make sense to file bankruptcy or a consumer proposal to eliminate non-government student loans including your private student debt.

A consumer proposal eliminates unsecured debts just like in a bankruptcy.

If it is an unsecured loan (in other words the bank gave you a line of credit and did not ask for any type of collateral), then these loans would be eliminated by bankruptcy or a consumer proposal with no waiting period.

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

As you can see a consumer proposal in Ontario provides an alternative to bankruptcy that allows you to eliminate your debt while keeping all your assets.

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 loaIn 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 loain 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 loain 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!

If you have more debts than you can pay and you want help to eliminate those debts, there are two legal procedures that will work: a consumer proposal or personal bankruptcy in Canada.

Under bankruptcy law, student debt can not be discharged (eliminated) in a bankruptcy or consumer proposal, unless the individual has been out of school for at least seven years.

In Republicans proposals that would eliminate the ACA's guaranteed issue provisions, there have been some calls for reviving state - based high - risk pools to serve consumers with pre-existing conditions.