Can I file a consumer proposal multiple times?

Can I file a consumer proposal multiple times?

Consumer Proposal

In Canada, a consumer proposal is a judicial debt settlement agreed with creditors to reduce your debt, administered by a Licensed Insolvency Trustee. The consumer proposal must be paid within five years or less with the help of monthly payments. Being a great...
A Guide To Choosing an Insolvency Trustee – Questions to Ask

A Guide To Choosing an Insolvency Trustee – Questions to Ask

Tips

If you have uncontrollable debt levels in your life, either a consumer proposal or bankruptcy might be the option. Nevertheless, it is vital to realize that a Licensed Insolvency Trustee (LIT) administers both. To decide which choice is right for you and walk you...
Applying for Credit during a Consumer Proposal

Applying for Credit during a Consumer Proposal

Consumer Proposal

A Consumer Proposal is a legally binding choice to forgive the debt, in which you give back a portion of what you owe to your creditors without paying any interest. Only Licensed Insolvency Trustees (LITs) can administer Consumer Proposals, and they conduct any...
How to Avoid Bad Debt?

How to Avoid Bad Debt?

Debt Consolidation

All debts are the same. But, as the debts can have positive or negative consequences, they are commonly classified as good debt or bad debt. Choosing whether a debt is good or bad depends on an individual’s financial situation, including how much they can afford...
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