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.
Latest Blog Posts
2024-03-14
What are your options if you can’t afford to pay your creditors back?
Debt Solutions
Regardless of the types of creditors you owe, and how much you owe, you still have options available and the opportunity to maximize recovery to creditors and reduce personal financial liability.