Sentences with phrase «happen in a consumer proposal»

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.

How a Writ Works and What Happens in a Consumer Proposal or Bankruptcy

So, Fred got sued two months into the plan that he was trying to do, that can't happen in a consumer proposal.

Not exact matches

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.

What happens if you were employed when you signed up for consumer proposal, and now unemployed and have no money coming in?

So, the whole concept then in a consumer proposal is, you take what I would have had to pay in bankruptcy, offer a little bit more because we need the creditors to say yes to it; but I can stretch those payments out over a longer period of time then what would happen in a bankruptcy.

What kind of debt you owe to them, how much you owe them, how much you've paid to them in the past, what your current budget looks like, what assets you have, what your employment income is, and what kind of employment income you have can impact what may happen under a bankruptcy to how much you would need to offer in a consumer proposal.

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?