There are two (2) major credit reporting agencies in Ontario, Equifax and TransUnion. Both of these agencies keep the filing of a consumer proposal on their records for three (3) years following the last payment, which should be the same time that you received your certificate of full performance. Since you completed your proposal in March 2010, the record of the proposal should no longer appear after March 2013, just one year from now.
If you have not already sent a copy of your certificate of full performance to Equifax and TransUnion, you should do so as soon as possible. It is also recommended that you request an updated credit report in April 2013 to ensure the consumer proposal no longer appears.
2025-10-20
Alternatives to Bankruptcy Bankruptcy Consumer Proposal Lifestyle Debt MNP Consumer Debt Index
Just when seniors should be relaxing and enjoying the fruits of their labour, many find themselves struggling financially — an unsettling contrast to the ease they’d hoped to live their golden years.
2024-04-12
Debt Solutions Bankruptcy Alternatives to Bankruptcy Consumer Proposal
Owing a large amount of money to the CRA can feel overwhelming. Learn more about the options the CRA can use to collect on the debt you owe — and which options are available to help you achieve a fresh financial start.
2023-07-18
Alternatives to Bankruptcy Consumer Proposal
If you are experiencing overwhelming debt loads, severely reduced income, unexpected job loss, or depleted savings, you may be wondering if Bankruptcy is right for you.
