Able to file a consumer proposal?
I hope this message finds you well. I’m sure you’ve heard a million stories like mine…I’m an artist who has been struggling for the past 12 years to make it. I have finally found a good job in my field building a solid award winning company. For the first time, my income is becoming steady and I need to start building financial security. I don’t have bad credit because I don’t want to pay my bills, I have bad credit because I’ve had a very difficult time generating income.
I’m doing everything I can now to start living right financially…including contacting you. Here is a snapshot of my financial situation.
1. My debt consists of:
-credit cards – $500
-income tax debt – $3400 – This amount is under review by my accountant.
-outstanding old debt – $2400 (old rogers accounts/private college account)
2. Net monthly income – $1800-$2000
-vehicle, a banged up 2000 Toyota Echo purchase price was $500.
I heard about consolidating my debts with a “consumer proposal”. Would I be able to do this in my situation?
Thanks for the information. You might be able to file a consumer proposal. This is a legal settlement with your creditors which can be paid on a monthly basis. You should contact a bankruptcy trustee by looking at our site’s Trustee Directory and explore this option.