Consumer Proposal vs. Bankruptcy
Consumer Proposals and bankruptcies are both government legislated options which can provide you with relief from significant debt problems. In addition, both debt solutions can only be administered by a Licensed Insolvency Trustee and provide a legal stay of proceedings which require creditors to discontinue harassing collection calls, garnishment or other legal proceedings.
Determining which, if either, option is an appropriate solution in your own unique situation depends on a number of variables. Let’s explore the advantages and disadvantages of both a Consumer Proposal and a bankruptcy.
Consumer Proposal - Advantages and disadvantages
Bankruptcy - Advantages and disadvantages
Latest Blog Posts
2024-04-26
Can I pay off my Consumer Proposal early?
Consumer Proposal
There are benefits to paying off your Consumer Proposal early. But do they exceed the potential pitfalls?
2024-04-12
What happens if I owe the CRA a lot of money?
Debt Solutions Bankruptcy Alternatives to Bankruptcy Consumer Proposal
