Can a Consumer Proposal Be Rejected?
While most proposals are accepted, creditors can reject or request modifications to your initial offer. Understanding how and why rejections happen helps you make informed decisions about your debt...
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Do You Qualify For A Consumer Proposal?
A consumer proposal offers Canadians struggling with debt a legal way to reduce their debt payments and avoid bankruptcy. By working with a Licensed Insolvency Trustee, you can negotiate with creditors...
View ArticleCan You Include Your Car Loan Debt in a Consumer Proposal?
If you can’t afford or have fallen behind on your car loan payments, there are options to deal with the debt. While a car loan can’t be directly included in a consumer proposal because it’s secured...
View ArticleCan I Get a Car Loan With a Consumer Proposal?
Yes, you can get a car loan both during and after your consumer proposal. While the process and rates will improve after you complete your proposal, many Canadians successfully finance vehicles at both...
View Article10 Common Consumer Proposal Myths Debunked
Considering a consumer proposal to deal with your debt? You’ve probably come across various claims online about what a consumer proposal involves. Let’s clear up some common misconceptions so you can...
View ArticleJoint Consumer Proposal: Who Can File Together?
In Canada, a consumer proposal is a formal, legally binding process that allows individuals to make an offer to their creditors to repay less than they owe. For couples or related individuals facing...
View ArticleWalking Away From Pre-Con Deal. When is a Proposal the Right Solution?
You signed a pre-construction purchase agreement when the market was hot, but now you can’t close on the property. Maybe property values have dropped significantly, or rising interest rates have made...
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