What are the benefits of a consumer proposal?

The benefits of a consumer proposal are considerable and consumer proposals can be drafted to be as unique as an individual’s circumstances. The following list identifies some of the benefits of a consumer proposal: Helps avoid bankruptcy Stops interest on

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What is a Consumer Proposal?

A Consumer proposal is an agreement between an individual and their creditors to do something (usually make a payment) in exchange for the creditors stopping interest, stopping collection action, phone calls, letters and forgiving any unpaid debts. Consumer proposals are

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Learn about Bankruptcy

Bankruptcy is a legal process, designed for the honest for unfortunate debtor.  It is designed to assist an individual out of debt so that they may have a fresh financial start.   When you file for or declare personal bankruptcy,

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How Is My Spouse Affected by My Bankruptcy?

Technically bankruptcy does not affect your spouse or common-law partner. Your spouse or partner would only be responsible for debts they co-signed, guaranteed or made a joint application for the credit. Your spouse’s assets would not be affected by your

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improving credit after bankruptcy

How Do I Get My Credit Back?

If you are suffering the results of bad past decisions, or have recently been discharged from Bankruptcy and are looking to restart your credit history there a few ways to get things moving.  However, it is a slow process which

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