From the category archives:

consumer proposal

Debbie and her Debt

by Moneyproblems TipsWed Oct 26, 2011 consumer proposal

Guest commentary by Rebecca Martyn, Bankruptcy Trustee and Consumer Proposal Administrator
Debbie’s story is fairly typical: She’s a single mother, with a daughter in school.  She has a good job, but when I met with her in my Windsor consumer proposal office she told me she had more debt than she could handle, but she didn’t [...]

Tagged as: consumer proposal Windsor

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Justin and Jessica’s consumer proposal story

by Moneyproblems TipsTue Oct 25, 2011 consumer proposal

Guest commentary provided by Ross Stevenson, Consumer Proposal Administrator, Vaughan (Woodbridge) Ontario
I have prepared a three part series on why a consumer proposal is better than a bankruptcy as a way to deal with debts for many people.
In Part 1 of why a consumer proposal is better than bankruptcy, I tell the story of Justin and [...]

Tagged as: Vaughan, Woodbridge

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Top Ten Reasons to File a Consumer Proposal

by Moneyproblems TipsMon Oct 24, 2011 consumer proposal

Guest commentary by Benny Mendlowitz, CA, Bankruptcy Trustee and Consumer Proposal Administrator
David Letterman made the top ten list famous, and I’ve got ten reasons why a consumer proposal is better than bankruptcy.  You can read all of them on my consumer proposal Scarborough listing of why a consumer proposal is better than bankruptcy, but let [...]

Tagged as: consumer proposal Scarborough

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Solutions for debts due to Marriage Separation

by Moneyproblems TipsFri Oct 21, 2011 consumer proposal

Guest commentary provided by Janette Martin, Client Service Specialist, North York, Ontario
I recently met with Adele (not her real name), in my North York bankruptcy and consumer proposal office.  Recently separated from her husband, who was the sole provider for her and their two teenage kids, and due to her situation she was unable to [...]

Tagged as: consumer proposal North York

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Relief, from debts and stress

by Moneyproblems TipsThu Oct 20, 2011 consumer proposal

Guest commentary provided by Benny Mendlowitz, CA, Bankruptcy Trustee and Consumer Proposal Administrator
I meet with dozens of people every month.  They don’t feel good about the fact that they can’t pay their debts in full, but they do feel better when they have come up with a plan to deal with their debts. I [...]

Tagged as: consumer proposal

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Debts and Hope

by Moneyproblems TipsWed Oct 19, 2011 consumer proposal

Guest commentary by Joel Sandwith, Client Service Specialist, London, Ontario
Hope is a word I hear a lot in our office here in London, Ontario. I’ve been working in credit counselling, and now in consumer proposals and personal bankruptcies for almost ten years, and have met with 5,000 or more people. Everyone’s situation [...]

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Jack’s story - recovering from losing his home

by Moneyproblems TipsTue Oct 18, 2011 consumer proposal

Guest commentary provided by Danielle Ratford, Client Service Specialist, Cambridge, Ontario
Jack (not his real name), went through a separation, and the bank foreclosed on his home.  When they sold it, they went after Jack for a $70,000 shortfall, which was impossible for him to pay.
Jack didn’t want to go bankrupt; he wanted to pay back [...]

Tagged as: consumer proposal Cambridge

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Debts can be embarrassing - here’s a solution

by Moneyproblems TipsMon Oct 17, 2011 consumer proposal

Guest commentary by Billy Martell, Bankruptcy Trustee and Consumer Proposal Administrator, Hamilton, Ontario
Embarrassment is a common feeling a lot of people experience when talking about or dealing with their debt. Of course the first step in dealing with this feeling is to make the decision to talk to a professional to get proper advice about [...]

Tagged as: consumer proposal Hamilton

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Consumer Proposals - Joe’s story

by Douglas HoyesFri Oct 14, 2011 consumer proposal

Guest Commentary by Douglas Hoyes, BA, CA, CBV, CIRP, Trustee in Bankruptcy, Consumer Proposal Administrator
For the last two weeks moneyproblems.ca’s Tip of The Day has discussed the advantages of consumer proposals.  Today I’d like to share my thoughts.
Over the years I have met with thousands of people, and in almost all cases they want to [...]

Tagged as: consumer proposal Brantford

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Fred’s Consumer Proposal Story

by Moneyproblems TipsThu Oct 13, 2011 consumer proposal

Guest Commentary by Howard Hayes, Consumer Proposal Administrator
I met with Fred (not his real name) in my Cambridge, Ontario consumer proposal and bankruptcy office, and Fred was worried.  He had debts, but couldn’t refinance his house because real estate values weren’t going up.  The recession had taken it’s toll on Fred.
You can read his full [...]

Tagged as: consumer proposal Cambridge

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