Sentences with phrase «proposal than other debts»
Doug Hoyes: And as we've alluded to earlier, the rules for student loans and we're talking specifically about government guaranteed student loans, are different if you go bankrupt or file a proposal than other debts.
https://www.hoyes.com/ Not exact matches
To file a consumer proposal you must be insolvent (in other words owe more than you own and be unable to repay your debts) and owe less than $ 250,000 (excluding your mortgage).
Customers who have filed for bankruptcy, a consumer proposal or any other debt relief program can also expect a higher than average interest rate, because they're deemed to be «high risk» according to lenders.
As Licensed Insolvency Trustees, Sands & Associates are experts in bankruptcy and debt consolidation — and we file more Consumer Proposals each year than any other BC - based bankruptcy trustee.
In almost all cases however, payments in a consumer proposal are less than other debt relief options.
Even if you finished school less than seven years ago, a consumer proposal or bankruptcy will allow you to eliminate your other debts so that you can focus on dealing with your student loans.