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Bankruptcy or Consumer Proposal – which one is the right option for debt solution? Part 2

Bankruptcy or Consumer Proposal – which one is the right option for debt solution? Part 2

Are you drowning in debt? If you are living pay cheque to pay cheque, or find your financial situation hard to control. Then you may need professional help regarding

Two of the most common options to get out from debt are bankruptcy and consumer proposal. But which option is right for you?

 

Seek  professional help if you are interested in filing for a bankruptcy or consumer proposal in Ontario. For more information visit our resources page.

bankruptcy or consumer proposal

Disclaimer

Prudent reports all your Prudent loan payments to credit bureaus. But Prudent cannot “fix”  or “repair” your credit.  The credit bureau reports on the totality of your credit activities. The bureau updates regularly on your payments on credit cards, utilities, taxes  as well as to banks, finance companies, credit unions etc. Prudent does try to educate  its credit-challenged customers on wiser management of their financial affairs using information from responsible financial sources such as Bankruptcy Canada, Industry Canada, Credit Canada Debt Solutions, and BDO.

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