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Aiming to pay off your Consumer Proposal early? Here’s what you need to know
Consumer Proposal
Thinking about paying off your Consumer Proposal early? It can be smart move, but only if it fits your existing financial picture.
2009-09-24
Hello, Retention of credit information may vary somewhat by credit bureau and province. As noted on the TransUnion of Canada website, in the case of Manitoba a first time bankruptcy will remain on file for six (6) years from the date of discharge. If you declare bankruptcy on more than one occasion, each bankruptcy will be reported on file for fourteen (14) years from the date of discharge. A consumer proposal remains on file for three (3) years from the date you have satisfied the terms of the proposal. For more information on retention of consumer credit information, consult the credit bureau websites of Equifax and TransUnion of Canada. Brad Milne, CIRP Trustee in Bankruptcy Brandon, Manitoba
2025-11-03
Consumer Proposal
Thinking about paying off your Consumer Proposal early? It can be smart move, but only if it fits your existing financial picture.
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Credit Counselling
By effectively managing your secured and unsecured debt repayment, you will be well positioned to understand and improve your credit score.
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Many Canadians are stuck in payday loan cycles. Learn how debt traps form, why they’re harmful, and what you can do to escape and regain control.