If you’re facing a consumer proposal annulled, it’s essential to understand what this means for your financial future. A consumer proposal provides an opportunity to repay a portion of your debts over time, offering a path to avoid bankruptcy. However, when your proposal is annulled, it can cause significant setbacks. In this article, we’ll explain…
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If you’re an immigrant in Canada and dealing with financial difficulties, you may have considered a consumer proposal as a way to get back on track. However, if you’re also in the process of applying for Permanent Residency (PR), you might be wondering how does consumer proposal affect your PR application. In this article, we’ll…
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Filing for a consumer proposal can be a life-changing decision for those dealing with overwhelming debt. But, if you’re married or living with a partner, you may wonder, does a consumer proposal affect your spouse? The good news is that in most cases, your spouse won’t be directly impacted. However, there are some areas where…
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Once your bankruptcy is finalized, your credit score may drop significantly. In Canada, bankruptcy remains on your credit report for up to 10 years (or 7 years after discharge). However, you don’t have to wait for it to disappear to begin rebuilding your credit. If you’re wondering how to rebuild credit after bankruptcy, the process…
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