Every consumer proposal that is filed by my office includes a clause that states as soon as the total due under the consumer proposal is paid that the consumer proposal is deemed fully performed.
Posted at 02:47 pm Monday, February 6th, 2012
Posted at 08:49 pm Tuesday, January 31st, 2012
Consumer proposals can be filed for as few as one lump-sum payment to as many as sixty monthly payments. Sixty months is the longest term that a consumer proposal can be filed for under the Bankruptcy and Insolvency Act.
Posted at 03:03 pm Monday, January 30th, 2012
Many people I meet with tell me that they were nervous to call me because they have never made a consumer proposal or filed personal bankruptcy before. This is a good thing.
Posted at 05:11 pm Wednesday, January 25th, 2012
Once you’ve determined that you can’t dig yourself out of your personal debt issues on your own you should stop paying your creditors’ that will be included in your consumer proposal or personal bankruptcy filing.
Posted at 08:04 pm Monday, January 23rd, 2012
According to the Canadian Office of the Superintendent of Bankruptcy, personal bankruptcies decreased 19.1 % across Canada in 2011.
