2025-10-21
How we helped a client decide between a consumer proposal and bankruptcy
A client thought bankruptcy was their only way out. See how a consumer proposal helped them keep their home and repay debt with confidence.
2014-11-28
Author: Frederic Lachance
When a person in debt is trying to solve their money problems, they first have to make a choice of which debt solution they should use. We saw in a previous blog that there are different options available: debt consolidation loan, voluntary deposit (in Quebec), bankruptcy and Consumer Proposals.
The Consumer Proposal, which is the equivalent of a Chapter 13 bankruptcy procedure in the U.S., is the solution that has the most advantages. These include:
These are only a few of the many advantages of a Consumer Proposal over other debt options. If you need more information, please contact one of MNP Ltd.’s debt advisors in your region.
2025-10-21
A client thought bankruptcy was their only way out. See how a consumer proposal helped them keep their home and repay debt with confidence.
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.
2025-10-17
This is called buyer’s remorse. In some cases, Canadian law provides protections that can help you reverse these costly decisions and avoid sinking further into debt.