Daily Archives: August 20, 2025

The Difference Between Consumer Proposal and Bankruptcy: What You Need to Know

When facing overwhelming debt, Canadians have several options to relieve financial stress, with consumer proposals and bankruptcy being two of the most common solutions. In this article, we’ll explore the key differences between consumer proposals and bankruptcy and help you understand which option may be more suitable for your financial situation. We will discuss the…

Will a Consumer Proposal Affect My Mortgage Renewal?

When facing financial difficulty, many Canadians turn to consumer proposals as a means of debt relief. A consumer proposal allows individuals to negotiate with creditors to pay back a portion of their debts, typically over a period of three to five years. However, if you are a homeowner, you may be wondering, “Will a consumer…