2012-03-20
Watch the video or continue reading below. Bankruptcy alternatives include:A loan consolidation – this is with a financial institution usually and you try to get a loan to pay off all of your debt (with interest) and then you make 1 payment to that institution;An informal proposal – try and negotiate yourself – 1 on 1 with your creditors – to have them accept a lower payment or amount. There is no formal protection from seizures.A formal Consumer proposal – a new deal that you try and make with your creditors An offer that you make to your creditors (with the help of a licensed trustee) that allows you to :Make 1 monthly paymentEliminate the interestCan keep your paid and unpaid assets (provided that you have been up-to-date and continue to be up-to-date with payments) For more information on alternatives to bankruptcy, pleasecontact me directly or consult ourDebt Help FAQ.
2025-10-06
MNP Consumer Debt Index
Ontarians’ financial vulnerability is intensifying as persistent economic uncertainty, concerns about borrowing costs, and employment anxiety weigh on household confidence.
2025-10-06
MNP Consumer Debt Index
The financial vulnerability of Saskatchewan and Manitoba residents is intensifying as their financial cushions shrink and more households edge closer to insolvency.
2025-10-06
MNP Consumer Debt Index
Albertans’ financial vulnerability is intensifying as persistent economic uncertainty, concerns about borrowing costs, and employment anxiety weigh on household confidence.
