Monthly Archives: February 2011

Do you want to understand exactly what a consumer proposal is, and if it is the best way to deal with your overwhelming debts? – The best way to get answers to your questions, and to learn about consumer proposals and other options available to you, is to talk to… Read more

In most provinces, including Ontario, all Registered Retirement Savings Plans (RRSPs) and Registered Retirement Income Funds (RRIFs) are now exempt from seizure in a bankruptcy, except for contributions made to such a plan in the 12-month period leading up to the bankruptcy. This means that RRSPs and RRIFs are not… Read more

Question: I filed a consumer proposalĀ in 2005. I completed 3 years of payments and was discharged in 2008. How long before the record disappears from my credit report. How can I rebuild our credit, when we don’t qualify for a loan right now. Answer: Each credit reporting agency in Canada… Read more

Question: My boyfriend and I got a call from a collection agency last night. They claim he owes $3K on a credit card from 1994 – 16 years ago. He swears this to be untrue – he was 16 years old! Also, he has a line of credit with the… Read more