bankruptcy vs proposal

Questions — Mon, 27 Nov 2006 05:13:00 +0000

If a bankruptcy and a consumer proposalboth take 7 years to clear your file why do a proposal? If you file for bankruptcy will you loose your car or home. If your car is worth not much and you barely have anything paid into your home is there a way not to loose them? Is there a place in Winnipeg free that you can go to for free monthly budgeting to see if you can manage on your own before you proceed with more permanent methods?

Due to injury you cannot make payments on your home.

Questions — Thu, 06 Jul 2006 19:26:00 +0000

Does this sound like you?
John Thomas bought a house three years ago and with his salary was able to keep up with payments. Unfortunately, John was recently involved in an industrial accident and is now on permanent disability. Now, he is falling behind on mortgage payments and doesn’t know what to do to get back on track. What should he do?

What can you do?
The cost of home ownership is often overwhelming and it is not hard to get out of control with payments. Rest assured that you are not the only one who is in this situation. Two options for getting back on your feet include consumer proposals and bankruptcy. However, without a stable income, a consumer proposal is probably not a good option for you. You will probably need to consider bankruptcy. Bankruptcy will solve your financial problems quickly, but you need to be aware of the consequences. For more information on bankruptcy, click here.

Bankruptcy Winnipeg » Uncategorized

bankruptcy vs proposal

Due to injury you cannot make payments on your home.