""

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

Chart listing the advantages and disadvantages of a consumer proposal

Bankruptcy - Advantages and disadvantages

Chart listing the advantages and disadvantages of bankrupcty

Latest Blog Posts

2023-03-20

How do inflation trends impact people in Southern Alberta?

Ryan Epp

Debt Solutions

The Bank of Canada has just announced another increase in interest rates. How does this affect you as a Southern Albertan?

Read More