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 to pay any interest and a trustee can help you settle your debts for much less than you owe. On...

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 Bit More Detail You can not pick and choose which debts to include. You can’t include all of your credit...

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 as you won’t have the credit rating to be approved for the mortgage. A Bit More Detail Most creditors will...

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. The whole program was designed to help an unfortunate debtor get out from overwhelming debt not acquire more. We understand...

Short Answer Legally you must owe at least $1,000.00 meets the qualification for a consumer proposal but practically, we would never let anyone file a process under the legislation for $1,000.00 and take the hit on their credit rating. $10,000 is more likely. You must...