No one sets out with the intention to take on a serious debt load, and no one certainly ever plans on insolvency. However, life happens,
Short Answer No, locked in retirement accounts are considered protected and cannot be seized in a consumer proposal. Longer Answer All retirement funds are protected
Short Answer Yes they are! There are no additional fees after you agree to the terms with your creditors. Longer Answer A Licensed Insolvency Trustee
Short Answer If you have a shortfall on a vehicle, then yes, this can be included. (If your vehicle has been repossessed or you wish
Short Answer In Alberta, a consumer proposal stays on your credit report for three years after the final payment is made. Longer Answer One of
Short Answer A lender can issue a loan any time, at their own discretion, however, in Alberta, a consumer proposal stays on your credit report
Short Answer No, a consumer proposal is not the same as a personal bankruptcy in Alberta, as each have different rules, methods and guidelines as
In Alberta, a consumer proposal actively works to pay back your creditors at zero interest. A debt consolidation loan or service merely shifts all of your debts into one loan payment, with interest. Remember, you can not borrow your way out of debt, you must eventually deal with it.
Short Answer Generally during the process you can apply for a secured credit card, and will work your way back to an unsecured card after
Short Answer A consumer proposal is an arrangement that’s negotiated with your creditors through a Licensed Insolvency Trustee. It’s an alternative to personal bankruptcy that
