by BNA | Oct 17, 2019 | Questions About Consumer Proposals
Short Answer No, locked in retirement accounts are considered protected and cannot be seized in a consumer proposal. Longer Answer All retirement funds are protected in a consumer proposal. When you file a consumer proposal, you do not have to give up these assets ....
by BNA | Oct 17, 2019 | Questions About Consumer Proposals
Short Answer Yes they are! There are no additional fees after you agree to the terms with your creditors. Longer Answer A Licensed Insolvency Trustee works with you and your creditors to reach a mutually agreed upon payment plan (like a referee) that sees the...
by BNA | Oct 17, 2019 | Questions About Consumer Proposals
Short Answer If you have a shortfall on a vehicle, then yes, this can be included. (If your vehicle has been repossessed or you wish to surrender it.) However if you are up to date and remain in good standing on your vehicle payments, and you wish to keep your vehicle...
by BNA | Oct 17, 2019 | Questions About Consumer Proposals
Short Answer In Alberta, a consumer proposal stays on your credit report for three years after the final payment is made. Longer Answer One of the biggest reasons consumer proposals are an attractive option to debtors in Alberta is that they can disappear off of your...
by BNA | Oct 17, 2019 | Questions About Consumer Proposals
Short Answer A lender can issue a loan any time, at their own discretion, however in Alberta a consumer proposal stays on your credit report for 3 years after the proposal is completed and in general lenders will not issue a mortgage to someone until they have started...
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