2025-11-03
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.
2013-06-14
Author: Rob Shier
To the best of our knowledge, filing an assignment in bankruptcy (or a consumer proposal) under the Bankruptcy and Insolvency Act would not preclude or prevent you from becoming a citizen. However, if you are an undischarged bankrupt, you may not apply to be a sponsor for someone to come to Canada until you have been discharged.
Prior to making a final decision with respect to filing for bankruptcy and the potential impact on your citizenship application, you should first contact Citizenship and Immigration Canada (http://www.cic.gc.ca).
For further information regarding filing for bankruptcy or filing a consumer proposal, please contact your local MNP office for a no-cost, no-obligation, consultation to assist you to determine the best options for you.
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.
2025-11-03
Credit Counselling
By effectively managing your secured and unsecured debt repayment, you will be well positioned to understand and improve your credit score.
2025-10-30
Lifestyle Debt
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.