What You Keep after a Consumer Proposal

When it comes to navigating through debt, it’s all about understanding your options. To learn more, download our newest e-book free: Consumer Proposals 101: An Introduction

Consumer Proposals 101: An Introduction

Unlike bankruptcy, Consumer Proposals allow you to choose which assets you keep, such as tax refunds and GST credits, RESPs (Reg​istered Education Savings Plans) and RRSPs (including recent contributions you may have made). Life-Changing Debt Solutions isn't about what you have to give up; it's about ensuring your future financial security.

If keeping your home is a priority, a Consumer Proposal may be the best choice for you. Although you will be expected over time to pay into your proposal an amount equivalent to the net equity in your home (what you would get ‘in hand’ if you were to sell it, adjusted for any provincial exemptions ). As long as you keep your mortgage payments up-to-date, your house remains yours to live in.​

To learn more about what you get to keep after filing a consumer proposal in all provinces across Canada, please click here.


Our team of Licensed Insolvency Trustees will help you explore the debt relief options available to you and together we will find the solution that best fits your situation. Set up your FREE, no obligation consultation today.

GET A FREE CONSULTATION

MNP is committed to protecting your privacy. We promise to keep all of the information you share with us confidential.

MNP Debt Blog

 

 

How to Live Without Credit Cards
Tanya Reynolds
What is the Right Debt Solution for You?
Joel Kideckel
Can I Trust My Licensed Insolvency Trustee?
Doug Stuive
Addicted to Spending? Better Make a Budget
Martine Lessard

view all