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
Short Answer A consumer proposal is absolutely worth it! Longer Answer In Alberta, a consumer proposal is a very attractive option because you don’t have
You’re past 55, you’ve put significant time, energy and effort into your career. You’ve been contributing to retirement funds your entire life, and you can
We know that the consumer proposal process can be a confusing and slightly scary process to undertake. It’s not something that’s widely discussed in casual
Short Answer Essentially all your unsecured debts can and should be included but some will survive and not be written off in the process. A
Short Answer Legally there is nothing that would not allow you to buy a house while in a consumer proposal, however you may have difficulty
Short Answer You can apply for credit while in a consumer proposal but probably won’t be approved unless it is secured by a prepaid balance.
