A Consumer Proposal Archives

Bankruptcy and Consumer Proposals Rise as Consumer Debt Reaches Record Limits

Are you struggling with consumer debt? If so, you’re not alone. According to BNN Bloomberg, the average Canadian household owes $1.76 for $1 of annual disposable income. The same household devotes $0.15 of every disposable dollar to making...

Posted January 8, 2020 | by admin |in A Consumer Proposal, Blog, Canadian Consumer Debt, Canadian Household Debt, Consolidate Debt, Consumer Debt, Consumer Proposal, Consumer Proposal in Canada, Consumer Proposal in Ontario, Consumer Proposal vs. Bankruptcy, Deal with Debt, Deal with your Debt, Debt Consolidation, Debt Management, Debt Relief, DebtCare, DebtCare Canada, File a Consumer Proposal, Filing for Bankruptcy, Financial Challenges, Financial Help, Get Out of Debt, Getting Out Of Debt, How To Consolidate Debt, Too Much Debt

Requirement to Pay Truly is a Requirement to Pay – So You Got One, Now What?

A Canada Revenue Agency (CRA) requirement to pay is a serious matter and should never be ignored. If you have received a requirement to pay, it means the CRA is about to take collection action. They are telling you that you are required to pay...

Posted November 6, 2019 | by admin |in A Consumer Proposal, Bankruptcy, Blog, Canada Revenue Agency, Canada Revenue Agency Collections, Canada Revenue Agency Tax Debt, Consolidate Debt, CRA Collections, CRA Frozen Bank Account, CRA Garnishment, CRA Home Page, DebtCare, DebtCare Canada, File a Consumer Proposal, Filing for Bankruptcy, How to Get Tax Relief, Negotiate with the CRA, Owe CRA, Owing Money to CRA, Requirement to Pay, Stopping Collection Action, Tax Debt

Did You Know? When Filing a Consumer Proposal Many People are Able to Keep Their Homes

Filing for a consumer proposal is becoming a popular debt consolidation option for Canadians. In 2016, 62,506 Canadians filed for consumer proposal. More Canadians are opting for consumer proposal than bankruptcy, and the number of people who...

Posted April 12, 2018 | by admin |in A Consumer Proposal, Blog, Consumer Proposal

Consumer Corner: Everyone is Recommending a Consumer Proposal When I Want to Go Bankrupt

Most people understand the concept of bankruptcy – a situation where you surrender everything you own in exchange for debt elimination – but what about a consumer proposal? Perhaps you’ve heard the commercials or done your own research. If...

Posted December 13, 2017 | by admin |in A Consumer Proposal, Blog, Consumer Proposal vs. Bankruptcy

When Your Trustee in Bankruptcy is Pushing a Consumer Proposal…

So you’ve finally decided to get a handle on your debt. You’ve done some research, spoken to friends and family, and have decided to get in touch with a trustee. On the first consultation, that trustee in bankruptcy suggests a consumer...

Posted March 15, 2016 | by admin |in A Consumer Proposal, Blog, Consumer Proposal, Consumer Proposal in Ontario

In the News: Woman Decides to File a Consumer Proposal to Conquer High Interest CitiFinancial Loan

When stuck in a financial rut, with credit that may be less than stellar, many Canadians choose to turn, often out of necessity, to the alternative lending market, or payday loan companies, to meet financial obligations. Donna Border is just...

Posted November 18, 2015 | by admin |in A Consumer Proposal, Blog, Consumer Proposal, Consumer Proposal in Canada, Consumer Proposal in Ontario, File a Consumer Proposal

Faceoff – Canadian Bankruptcy Trustees vs. Canadian Debt Counsellors

When you are struggling to make even the minimum monthly payments to bills, or worse, having to choose which bills to pay each month, it is probably time to consider professional financial help to get things back on track. But how can you best...

Posted September 9, 2015 | by admin |in A Consumer Proposal, Bankruptcy, Bankruptcy Trustee, Blog, Canadian Debt Counsellors, Credit Counselling, Credit Counselling Agency, Credit Counselling Canada, Credit Counselling in Canada

Does a Consumer Proposal in Canada Stay on Your Credit for 7 Years?

Many people choose a consumer proposal in Canada to get finances back on track. These represent a great debt relief option because you can settle your debt, often reduce the total balance to be repaid, freeze interest and consolidate the...

Posted August 12, 2015 | by admin |in A Consumer Proposal, Blog, Consumer Debt, Consumer Proposal, Consumer Proposal in Canada, Consumer Proposal in Ontario, Personal Debt

Filing a Consumer Proposal in Canada – Does it Make the Most Sense for You?

The frequency with which Canadians are filing consumer proposals in order to get back on solid financial ground has increased significantly in the last few years. The reason is fairly obvious; the ability to stop collection action, halt...

Posted July 29, 2015 | by admin |in A Consumer Proposal, Blog, Consumer Debt, Consumer Proposal, Consumer Proposal in Canada, Consumer Proposal in Ontario

Myth vs Fact: Consumer Proposal vs Bankruptcy

Consumer proposals and bankruptcy are often confused with one another because they both involve a Trustee in Bankruptcy. In Canada, the government introduced legislation to protect people who have reached a breaking point with their debt. Over...

Posted April 13, 2015 | by admin |in A Consumer Proposal, Bankruptcy, Bankruptcy Trustee, Blog, Consumer Proposal, Consumer Proposal vs. Bankruptcy

Debt Relief in Canada Blog Series Part 1 – Is a Consumer Proposal the Answer?

Debt relief in Canada is a subject that is constantly in the news for many reasons, whether it is the government reporting on the fact that Canadians are carrying historically high levels of debt, reporting on debt reduction companies and what...

Posted September 6, 2012 | by admin |in A Consumer Proposal, Blog, Collections Debt in Canada, Consumer Proposal, Credit Counselling, Credit Counselling Agency, Credit Counselling Canada, Deal with Debt, Deal with your Debt, Dealing With Debt, Debt Consolidation, Debt Consolidation Companies, Debt Consolidation Companies in Canada, Debt Consultants, Debt Relief, Debt Relief in Canada, Debt Settlement, Federal Government Programs, Financial Challenges, Financial Consultants, Financial Options, Have a Financial Problem, Have Financial Problems, How to Get Tax Relief, How to Get Tax Relief from Back Taxes, Independent Financial Representation, Managing Your Debt, Money Management, Need Financial Guidance, Reduce Your Overall Debt, Represented in a Consumer Proposal, Restructuring of your Debt, Seek Financial Guidance, Struggling with Debt, Too Much Debt

COVID-19 UPDATE: Debtcare is open and remains fully functional.