Financial recovery requires the right tools
Home / Blog / Student Loans, Bankruptcy, Consumer Proposal When you declare bankruptcy or file a consumer proposal, most—but not all—of your debts are discharged at the end of your bankruptcy/consumer proposal term. This means your debts are forgiven (in bankruptcy) or considered paid in full (in a consumer proposal),
/*! elementor – v3.10.2 – 29-01-2023 */ .elementor-heading-title{padding:0;margin:0;line-height:1}.elementor-widget-heading .elementor-heading-title[class*=elementor-size-]>a{color:inherit;font-size:inherit;line-height:inherit}.elementor-widget-heading .elementor-heading-title.elementor-size-small{font-size:15px}.elementor-widget-heading .elementor-heading-title.elementor-size-medium{font-size:19px}.elementor-widget-heading .elementor-heading-title.elementor-size-large{font-size:29px}.elementor-widget-heading .elementor-heading-title.elementor-size-xl{font-size:39px}.elementor-widget-heading .elementor-heading-title.elementor-size-xxl{font-size:59px} Home / Blog / Bankruptcy, Consumer Proposal If you’re considering bankruptcy or a consumer proposal, you might be wondering what will happen to your home. Will you lose it to your creditors? Have to sell it?
Home / Blog / Consumer Proposal Once you’ve filed a consumer proposal and it has been accepted by your creditors, it is legally binding on both you and them. You must make the payments you’ve agreed to, and your creditors cannot take any further action against you as long as
Home / Blog / Consumer Proposal Generally speaking, creditors will accept a consumer proposal that is reasonable. They’ll have done their calculations (just as your trustee did) and determined that they stand to gain more from a proposal than they might if you become bankrupt. Occasionally, however, the majority of your
Home / Blog / Consumer Proposal You’ve come to terms with the fact that you’re insolvent, done your research, and you think you’re ready to talk to a trustee about making a consumer proposal. But wait…what happens to your house if you do? Will you lose it? Will the bank
Home / Blog / Consumer Proposal If you’re considering filing a consumer proposal, you may be wondering how it will affect things such as job security, continued harassment by your creditors, and tenancy/home ownership. In this, the sixth article in our consumer proposal series, we look at what your rights
Home / Blog / Consumer Proposal You’ve made the decision to seek help with reducing your financial stress and you, with assistance from your licensed trustee, have decided that a consumer proposal is your best option, and your trustee has filed all the necessary paperwork. That’s it, right? You’re done! Well…not quite. In
Home / Blog / Consumer Proposal Who can File a Consumer Proposal? If you are one of the many Canadians who finds yourself in financial difficulties, a consumer proposal can be a useful tool to get you back on your feet and debt-free. In this second of a ten-part series, we look
Home / Blog / Consumer Proposal So you’ve been doing your research on the Internet, and you’ve decided that a consumer proposal might be a way to rid yourself of your debt-stress and get back on your feet financially. Good for you, because sometimes the decision to take action is the hardest
