Consumer Proposal vs. Debt Settlement – Which one is for you?

The graphic below compares the benefits of a Consumer Proposal and Debt Settlement. Before we take a look at the chart it’s important to note that both are viable solutions to resolving debt pro... Read more

Consumer Proposal Acceptance Rates

Consumer proposal applicants often worry if their proposal will get accepted and what to do if it’s not. Today we’d like to share some thoughts and statistics to calm your fears. We com... Read more

Life After a Consumer Proposal: Credit Repair, Loans & A Fresh Start

One of the most popular consumer proposal questions we get has to do with life after the proposal. Applicants often inquire about the impact on their credit scores, will they be able to get a loan in ... Read more

What happens to my mortgage when I file a consumer proposal?

When you file a consumer proposal you are able to keep all of your assets such as a home or a car. As long as you continue to make the monthly mortgage payments you’ll be able to keep your home.... Read more

How to File a Consumer Proposal – A Step by Step Guide

If you’re struggling financially and can’t seem to get ahead with repaying your debts a Consumer Proposal may be a good option to get a fresh start. A Consumer Proposal is a legal agreemen... Read more

Consumer Proposal & Canada Revenue Agency

If you owe money to the CRA filing a Consumer Proposal may help. Canadian Revenue Agency is considered an unsecured creditor and provided your income and debt situation meets the general proposal guid... Read more

Will The New Liberal Government Impact Bankruptcy In Canada?

Elected as Canada’s 23rd Prime Minister, as head of the Liberal party, Justin Trudeau has officially been sworn in to become Canada’s new leader as of this week. In the recent elec... Read more

The Cost of Filing a Consumer Proposal

Most people are pleasantly surprised when they hear that Consumer Proposal filing is free. Yes, there are costs associated with the program but they are paid out from your monthly payments – the... Read more

Joint Consumer Proposal: Advantages & Disadvantages

A consumer proposal filed by two or more persons is called a Joint Consumer Proposal. It works the same way as a regular proposal except that it covers the debts of both partners. To qualify for a ... Read more

Consumer Proposal vs. Credit Counseling – Choose Wisely

People with debt problems often wonder – what is the difference between Credit Counselling (also known as a Debt Management Plan) and a Consumer Proposal? After all, they both are agreements wit... Read more