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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Do Consumer Proposals Make You Feel Better?

by Moneyproblems TipsWed Oct 12, 2011 consumer proposal

Guest Commentary by Susan Jung, MBA
When people arrive at my St. Catharines, Ontario, bankruptcy and consumer proposal office, they are feeling low.  They are getting collection calls, and they are worried.  When I explain how a consumer proposal can help, they instantly feel better.  Here are the top three reasons why a consumer proposal makes [...]

Tagged as: consumer proposal St. Catharines

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I Don’t Want to Go Bankrupt

by Moneyproblems TipsTue Oct 11, 2011 consumer proposal

Guest Commentary by Brian McIlmoyle B.Sc., Client Service Specialist, Mississauga, Ontario
In my experience, many people choose the consumer proposal option to deal with their debts because they don’t want to go bankrupt.  Here are other top consumer proposal advantages, based on my experience in Mississauga, Ontario:

You pay back your debts, as much as you can [...]

Tagged as: consumer proposal Mississauga

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Four Advantages of a Consumer Proposal

by Douglas HoyesMon Oct 10, 2011 consumer proposal

Guest Commentary by Ian Martin, CA, Consumer Proposal Administrator, Kitchener, Ontario.
I recently met with a couple who wanted to know why a consumer proposal was a good option for them to deal with their debts.  You can read more about them in my article on what is a consumer proposal, but here were the top [...]

Tagged as: consumer proposal Kitchener

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Consumer Proposal: A Real Life Example

by Moneyproblems TipsFri Oct 07, 2011 consumer proposal

This week we have discussed the advantages of a consumer proposal.  Today we present a real life example, courtesy of Scott Schaefer, CA, Bankruptcy Trustee and Consumer Proposal Administrator in Kitchener, Ontario.  You can read the full story in his article on What is a Consumer Proposal? for more information.  Here’s the example:

Joe and Jane [...]

Tagged as: consumer propsoal

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So What’s so great about a Consumer Proposal?

by Moneyproblems TipsThu Oct 06, 2011 consumer proposal

Guest Commentary by Wendy Young, Consumer Proposal Administrator, Hamilton, Ontario.
I meet with many people each day in m y Hamilton consumer proposal and bankruptcy office, and they want to avoid bankruptcy, but they aren’t sure why a consumer proposal is often a better alternative.  Here are some of the advantages I list for them:

You’ve done [...]

Tagged as: consumer proposal

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