Mortgage renewal during a consumer proposal?

In Anonymous Q & A, Consumer Proposals, Montreal, Quebec by Questions1 Comment

Hello, I am in the process of filing a consumer proposal, I have mortgage and credit card with TD Canada trust. I was advised the credit card will fall under the proposal & my credit is affected for 3 years……my question is, who will negotiate my mortgage line in 2 years when it is due to be renewed……will I be able to get a mortgage! Thanks, E.T.


  1. Desmond West-Chow, CIRP

    This is a question that I get on a very regular basis (regardless of bank). What I see most typically, is that if your mortgage is in good standing, there are commonly no issues in renewing your mortgage with the same bank that you’re currently with.

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