Sentences with phrase «terms of the consumer proposal»

Once payments are completed you will receive a certificate showing the terms of the consumer proposal have been completed and you will be relieved of any balance still owed from the debts that were in the proposal.

There is a lot of flexibility in how the terms of a consumer proposal can be structured.

If accepted, you make payments to Hoyes, Michalos (the Consumer Proposal Administrator) who in turn makes payments to the creditors according to the terms of the consumer proposal.

Not exact matches

The proposal met with a record number of comments, with a number of health insurance groups expressing concern that the short - term plans will undermine the health exchanges by siphoning off younger, healthier consumers who will no longer face a penalty if they enroll in non-compliant plans in 2019.

The event was a culmination of a joint initiative of the Senate President and DFID's ENABLE 2 and GEMS 3 programmes and had been preceded by a comprehensive research into laws inhibiting businesses in Nigeria leading to specific legislative proposals to improve the business environment in terms of competition and consumer protection, transportation and infrastructure, improving MSMEs access to finance, reform of land use and construction laws and administration, doing business reforms amongst others.

You can not modify the terms of secured debt in a consumer proposal.

In more general terms, a consumer proposal is an offer you make to your creditors to pay a portion of your debts.

If your income fluctuates, a consumer proposal can be drafted to have different monthly payment amounts terms depending on the time of year.

In our own practice, the average payment term offered is 47 months and the average length of time to actually pay off a consumer proposal is 42 months.

When considering filing a consumer proposal, you will want to talk to a Licensed Insolvency Trustee — make sure that proposal payment terms are on your list of items to discuss with the Trustee.

Prior to the new legislation, consumers with significant unsecured debt could safeguard their home equity by filing a consumer proposal and offering the equivalent «value» to their creditors as part of their settlement terms.

Under the terms of your customized consumer proposal, you will make set payments over a period of time up to five years.

We look at how a debt consolidation loan, debt management plan and consumer proposal stack up against each other in terms of these objectives.

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

Within 5 days your Licensed Insolvency Trustee will send a copy of all these documents, along with your proposal terms if you choose to file a consumer proposal, to your creditors.

Acceptance by 50 % of voting creditors means all creditors are bound by Consumer Proposal terms and share monthly payment.

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.

So, in terms of qualifying for a consumer proposal, how much debt do I have to owe in order to qualify?

All of a sudden there was a significant financial benefit, in terms of monthly costs, to consider filing a consumer proposal.

In a consumer proposal you repay your creditors through a negotiated, legal, debt settlement administered by a consumer proposal administrator At Hoyes Michalos, we know how to balance what the creditors are looking for in terms of recovery while ensuring that what you offer fits within your budget.

A consumer proposal is a safe and reliable way to get out of debt but it can also be the cheapest in terms of monthly payments.

Billy will review your personal situation to see if a consumer proposal compares in terms of cost of other factors to options like a debt consolidation loan or a debt management plan through a credit counselling agency.

The consumer proposal administrators on our site have an excellent track record of negotiating successful proposal terms that work for both the debtor and the creditors.

Officially, if accepted, your proposal begins 60 days (45 + 15 days) afer you initially filed and your consumer proposal payments will begin according to the terms of your deal.

Gene submitted a consumer proposal, but one of his creditors rejected the terms.

Another individual successfully consolidated their debts of approximately $ 55,000 using a Consumer Proposal, with monthly payments of $ 650 over a 36 - month term.

The European Parliament... notes that the online search market is of particular importance in ensuring competitive conditions within the digital single market, given the potential development of search engines into gatekeepers and the possibility they have of commercialising secondary exploitation of information obtained; calls, therefore, on the Commission to enforce EU competition rules decisively, based on input from all relevant stakeholders and taking into account the entire structure of the digital single market in order to ensure remedies that truly benefit consumers, internet users and online businesses; calls, furthermore, on the Commission to consider proposals aimed at unbundling search engines from other commercial services as one potential long - term means of achieving the aforementioned aims.

Client Services Supervisor — Duties & Responsibilities Responsible for electronic payroll system operations for a large and economically diverse client base Recruit, train, and direct customer service, sales, technical, and administrative staff ensuring efficient operations Maintain working knowledge of proprietary software, industry best practices, employment law, and tax law Oversee adherence to departmental budgets, project timelines, and company policies Coordinate efforts between multiple departments resulting in timely and cost - effective project completion Design and implement professional development programs to enhance team skill sets Utilize employee recognition programs to build morale and dedication to company mission Represent company brand with poise, integrity, and positivity Study internal literature to become an expert on products and services 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 Interact with support staff and company resources effectively to create the best consumer experience Utilize technical proficiencies and industry knowledge to offer guidance and support to coworkers and clients Craft effective presentations and proposals, tailoring them to clients based on their specific needs and styles Maintain sales and customer service records detailing pricings, sales, activities reports, and other pertinent data Manage company financial records providing detailed, accurate account of transactions and financial health Build and strengthen long term relationships with peers, clients, partners, and industry leaders Provide additional operational support including communications, data entry, and other tasks as needed Consistently promoted due to excellence in management, customer service, technical support, and sales

If consumers click on «get three proposals from local REALTORS ®» (misuse of the term «REALTORS ®» is common in the online rating world), practitioners who've paid the monthly fee will be among the three that appear.

Based on this feedback, the Bureau sought comment on whether the use of line numbers would lower software - related costs on industry and the exact amount of the savings given the rest of the changes in the integrated Closing Disclosure contemplated by the proposal, while also improving consumer understanding of the loan terms and costs at the consummation of the credit transaction and the closing of the real estate transaction.

The Bureau observed in the proposal that, based on research regarding consumer comprehension and behavior and the results of the Bureau's consumer testing, the Bureau believed that the disclosure of these calculations on the final page of the Closing Disclosure and apart from key loan terms may reduce information overload and enhance the overall understanding of the Closing Disclosure.

Further, the Bureau stated its belief in the proposal that disclosure of settlement costs alone, without the context provided by the credit terms, is far less effective in aiding consumer understanding of the transaction.

The Bureau stated in the proposal that it believed that requiring the disclosure of the loan product on the Loan Estimate promotes the informed use of credit and more effective advance disclosure of settlement charges by providing consumers with key loan terms early in the transaction and in a clear and conspicuous manner.

The proposal stated that directing consumers to this Web site would therefore promote consumer understanding of credit terms and closing costs and of benefits and risks associated with the transaction in light of the facts and circumstances.

Based on this feedback, the Bureau sought comment on whether the use of line numbers will lower software - related costs on industry, and the exact amount of the savings given the rest of the changes contemplated by this proposal, while also improving consumer understanding of the loan terms and costs at the consummation of the credit transaction and the closing of the real estate transaction.

Nonetheless, the Bureau stated its belief in the proposal that this disclosure will benefit consumers and promote the informed use of credit by encouraging consumers to use both the Loan Estimate and Closing Disclosure as tools to identify changes in costs and terms that may have occurred after issuance of the Loan Estimate.