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2024-07-15

Myth-Busting Consumer Proposals (MNP 3 Minute Debt Break)

Consumer Proposal

Debt can be a heavy burden, and exploring a consumer proposal can feel daunting. It's natural to seek information online or talk to loved ones during this stressful time. Research is a good first step, but be cautious – online sources can be unreliable, and even well-meaning advice from friends or family might be inaccurate. Many people have misconceptions about consumer proposals before meeting with a Licensed Insolvency Trustee (LIT) for the first time. But you need to know… LITs are there to answer your questions and set the record straight.

Let's tackle three common myths about Consumer Proposals to help you make the right decision.

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