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

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2023-06-05
Making the Most of Your MNP Debt Scale Check Up (MNP 3 Minute Debt Break)
Debt Solutions
How much debt is too much? Of all the questions Licensed Insolvency Trustees often hear, that is by far one of the most common. It’s also one of the most difficult to answer.
When it comes to determining the threshold of excessive debt, it can be a challenging question to answer.
2023-06-02
How does the Bankruptcy and Insolvency Act protect me in a Bankruptcy or a Consumer Proposal?
Consumer Proposal Bankruptcy