Consumer Proposal
How Much Does a Consumer Proposal Cost?
Is your debt load getting to be too much for you to bear? Are you tired of being harrassed at home for debt payments there’s no way you’re able to make? A consumer proposal may just be the solution you’re looking for. If you’re already struggling to pay bills, though, you may be wondering: “How…
Read MoreConsumer Proposal in Nova Scotia: A True Path to Debt Relief
The weight of overwhelming debt can cast a dark cloud over every aspect of life. The stress of excessive debt takes a heavy toll on more than the numbers in your bank account, affecting relationships and emotional well-being. Amid the storm of financial hardship that can affect individuals and families alike, a consumer proposal in…
Read MoreConsumer Proposal vs Bankruptcy – Which is Better for You?
When debt accumulates, finding a way out becomes a top priority for many Canadians. Today, we compare and contrast two of the critical choices that individuals facing overwhelming debt must make: consumer proposal vs. bankruptcy. These two debt management strategies are not one-size-fits-all solutions. For Canadians seeking a path toward financial recovery, navigating the intricacies…
Read MoreIs CRA Debt Forgiveness Possible?
Regarding personal finances, few things can be as stressful as accumulating debt, especially when that debt involves an overwhelming entity like the Canada Revenue Agency (CRA). The prospect of owing money to the CRA can lead to mounting anxiety and sleepless nights for many Canadians. When faced with CRA debt, it’s crucial to understand the…
Read MoreTop 20 Consumer Proposal FAQs for Canadian Debt Relief
If you’re searching for debt relief in Canada, you may have come across the term “consumer proposal”. What exactly is a consumer proposal, though, and how can it help you? In this “Consumer Proposal FAQs” blog, we’ll answer the 20 most frequently asked questions about this Canadian debt relief option and whether or not it’s…
Read MoreInsolvency vs Bankruptcy – What’s the Difference?
A common misperception is that insolvency and bankruptcy are the same thing. This is not necessarily the case. The two terms can be related, but they’re not interchangeable. In this “insolvency vs bankruptcy” article, we’ll get into the definition of each term, how they relate to each other, and how each term may relate to…
Read MoreThe Advantages & Disadvantages of a Consumer Proposal
If you’re having trouble making ends meet every month, you’re not alone. A recent study by the credit reporting company TransUnion has determined that nearly one-third of Canadians don’t feel they can pay their bills in full. So what is a hard-working family to do if they find themselves in this situation? One option would…
Read MoreConsumer Proposal vs Debt Consolidation
When you are struggling with mounting debt and facing debt problems, it can be difficult to know where to turn. You might have heard of consumer proposals and debt consolidation, but you may not know which option is right for you. In this blog post, we will compare the two options and help you decide…
Read MoreDo I Have To Meet With My Creditors If I File A Consumer Proposal Or Personal Bankruptcy?
It is uncommon for a consumer to have to meet their creditors, in person or virtually, whether they file a consumer proposal or a bankruptcy. However, there are instances where this may be necessary. This possibility arises when a Meeting of Creditors is held. These occur at varying timelines depending on whether you file a…
Read MoreJudgments & Liens 101: The Basics
If you own property & assets and are struggling with debt or dealing with collectors you have undoubtedly heard the terms ‘Judgment’, ‘Judgment Lien’, and ‘Lien’. These can be awfully confusing as they are often used interchangeably. In order to fully understand your rights as a property owner and what protections you have, it is…
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