Archives
IS A CONSUMER PROPOSAL RIGHT FOR YOU, OR IS A BANKRUPTCY BETTER?
While each case is different, I feel there are two key elements that justify a Consumer Proposal over a bankruptcy…
- You have a specific asset you want to protect that you would otherwise lose in a bankruptcy
- You have consistent and/or reliable
If you opt for a consumer proposal for moral reason, it is important to understand…
- From my experience, no one will thank you for “doing the right thing”
- During the five years of your Consumer Proposal, no one will grant you credit
- If you default on your payments, you could still end up in bankruptcy, losing the money you paid and the time you spent in your proposal