You’ll find helpful information regarding consumer proposals. Topics covered include if a consumer proposal is right for you, and how a consumer proposal can provide debt relief and improve your cash flow.
More Canadians are filing a Consumer Proposal as a way to manage their debt—without the tough consequences of Bankruptcy. For the 12-month period as of September 30, 2024, total Consumer Proposals filed increased by 16.4%.2 It's becoming a go-to alternative…
Managing debt is a challenge. But it's even more difficult with high interest rates that add to your principal and make it hard to lower your balance. What can you do when so many payments make your debt overwhelming? Consumer…
If you can’t keep up with your debt, you might avoid reaching out for help due to the potential costs. While there are fees associated with a Consumer Proposal, they are all rolled into one affordable monthly payment. The cost…
Can you cancel a Consumer Proposal if your circumstances change? The short answer is yes, you can. But first, it’s important to understand what a Consumer Proposal is, how they work, and why you might need to cancel it. Consumer…
If you’ve filed a Consumer Proposal before, you know that completing it gives you a sense of relief and accomplishment. A Consumer Proposal can also help you get back on track financially. Unfortunately, life events sometimes put you in a…
If you're struggling with debt and considering Bankruptcy, a Consumer Proposal could be a good alternative to regain control of your finances. In London, Ontario, filing a Consumer Proposal involves several steps. This guide will walk you through everything you…
Business Bankruptcy in Canada is primarily governed by the Bankruptcy and Insolvency Act (BIA), a federal statute that provides the legal framework for Bankruptcies and insolvencies in the country. The BIA outlines various options for businesses facing financial distress, with…
As Canadians finances are continuously under pressure, more are choosing to file a Consumer Proposal as a way to get relief from your unmanageable debt. This debt relief option is now considered the number one alternative to Bankruptcy. Government approved,…
Most of us go through life not knowing much about Bankruptcy or what a Consumer Proposal is. But when things start to fall apart and you can't manage your debt any more, you should know that there is a way…
If a mountain of personal debt is causing you daily stress, you should know that there are debt relief options available. Before you decide Bankruptcy is your only path forward, speak to a Licensed Insolvency Trustee (LIT) to see if…
