Consumer Proposal
Top 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…
Read MoreCan Creditors Stop Me from Filing a Consumer Proposal or Personal Bankruptcy?
When you are struggling with debt, it can feel like you are stuck in a nightmare. You may not know where to turn for help. And when you finally find the courage to reach out for assistance, you may be worried that your creditors will try to stop you from filing a Consumer Proposal or…
Read MoreWill a consumer proposal or personal bankruptcy deal with business debt?
When you are struggling with business debt, it can feel like you are stuck in a nightmare. You may not know where to turn for help. Do you file for a consumer proposal or personal bankruptcy? Which one is best? How will they impact me, and my business? These are great questions that we will…
Read MoreDoes A Government Debt Relief Program Actually Exist?
With the additional government funding, financial hardship programs, and other government spending due to the pandemic it is completely understandable why we have seen an increase in queries related to the existence of government debt relief and debt relief for Canadians. If you are looking for a debt relief company, you are certainly not alone.…
Read MoreWill a consumer proposal or personal bankruptcy release me from all types and forms of debts
When it comes to unmanageable debt, there are a few different debt relief options available to you: consumer proposal and bankruptcy. Each option has its own benefits and drawbacks, so it’s important to understand what each one entails before making a decision. In this article, we will focus on the question of whether or not…
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