Bankruptcy and Proposal Info and Issues

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consumer proposal

Printed From: CanadaStudentDebt.ca
Category: Immediate Attention and Info!
Forum Name: Bankruptcy and Proposal Info and Issues
Forum Description: Get your questions answered about bankruptcy and proposals
URL: https://www.canadastudentdebt.ca/forum_posts.asp?TID=2597
Printed Date: 26/March/2026 at 10:30pm
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Topic: consumer proposal

Posted By: nago
Subject: consumer proposal
Date Posted: 28/April/2005 at 11:46pm

Boy i need to learn alot

Is consumer proposal ok for student loans?

do i need to consolidate ?

or can i borrow it from someone and then pay off student loans and pay the person ?

Is that tax deductable for the person lending money ?

Not a clue

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Replies:

Posted By: kwelmm
Date Posted: 29/April/2005 at 12:33am

Nago,

Consumer proposals are nothing more than a disguise to bankruptcy. The following will answer most of your questions:

http://www.moneyproblems.ca/ConsumerProposals.htm - http://www.moneyproblems.ca/ConsumerProposals.htm

The proposals are managed by a trustee in bankruptcy and regulated under the BIA (Bankruptcy and Insolveny Act)...that should tell you a lot!!