How a consumer proposal works in Ontario: what it costs, how long it lasts, what it does to your credit, and when bankruptcy applies instead.
A consumer proposal can run up to 5 years. A first bankruptcy lasts 9 or 21 months. Here is what sets the clock on each debt relief route, and what stretches it.
How Long Does Debt Relief Take? The Clock on Each Route in Canada Read More »
Debt consolidation replaces many debts with one new loan, and you still owe every dollar. Debt relief routes change what you owe or who can collect. Here is how to tell which one fits.
Debt Relief vs Debt Consolidation: What Changes, and What You Still Owe Read More »
The real disadvantages of a consumer proposal, listed first. Plus the advantages, and the situations where a proposal is the wrong answer entirely.
How long a consumer proposal stays on your credit report, what it does to your score, whether you keep a credit card, and how to rebuild from month one.
How Long a Consumer Proposal Stays on Your Credit Read More »
The real differences between a consumer proposal and bankruptcy: what you keep, what you pay, how long each lasts, and the income rule that decides most cases.
Consumer Proposal or Bankruptcy: Which One Applies to You? Read More »
CRA can be included in a consumer proposal and regularly accepts one. How CRA votes, which tax debts qualify, and why unfiled returns sink an offer.
CRA and a Consumer Proposal: What Happens to Tax Debt Read More »
How a consumer proposal works under Canadian law: who qualifies, what happens after it is filed, how long it lasts, and what it does to your credit.
What Is a Consumer Proposal? A Plain-English Guide Read More »
