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Will I lose my RESP if I file a Consumer Proposal?

Will I lose my RESP if I file a Consumer Proposal? No, you will not lose an RESP in a Consumer Proposal. In a Consumer Proposal, you are making an offer to your creditors to settle your debt to them based on the terms of your offer. The terms of your offer is usually that you […]

Consumer Proposal & Administrator’s Report

Consumer Proposal & Administrator’s Report I filed a Consumer Proposal and my trustee tells me that he has to file an Administrator’s Report. What is this? Your trustee is acting in this situation as the Administrator of your proposal. As such, there is a requirement under the legislation that he submits a report to your […]

Bankruptcy and Debt Exclusion

Bankruptcy and Debt Exclusion What is debt exclusion from bankruptcy? A bankruptcy or proposal will get rid of most of your debts, but not necessary all of them. This is because certain debts are secured to your assets. The most common being a mortgage on your home or a loan on your car. If you […]

Bankruptcy and Faith

God put us on the earth for a limited amount of time. Why then do we need to sleep for about 8 hours each day? We could be producing something of value for 24 hours each day. We have all heard the phrase “I am having a bad day” which really means “leave me alone.” […]