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Updated by Derek Chase on Jun 19, 2021
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Derek Chase Derek Chase
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Consumer Proposal in British Columbia: 5 Things You Need to Know

A Consumer Proposal is a Government of Canada federally approved program that allows individuals to make a formal offer to their creditors to pay back all or a percentage of what they owe. Below are links to articles that will help you understand how this debt solution can help you obtain a fresh financial start in British Columbia.

What is a consumer proposal?

A Consumer Proposal is a program that allows an individual to make a formal offer or proposal to their creditors through a Licensed Insolvency Trustee. Find out how this can help you recover from debt and regain financial freedom.

Is a Consumer Proposal Right for Me?

When does it make sense to file a Consumer Proposal? Read the qualifications and benefits of this popular Bankruptcy alternative.

What are the advantages of a Consumer Proposal?

Consumer Proposals continue to grow in popularity across Canada as a practical way for an overburdened individual to obtain relief from unsecured creditors. Find out how this insolvency procedure could be the best solution for your unique financial situation.

Consumer proposal vs Bankruptcy, which is better?

Both Consumer Proposal and Bankruptcy effectively provide relief from debts and an opportunity to obtain a fresh financial start. However, Canadians in debt should consider some differences before making a final decision. Here’s a look at a few.

What are the common myths surrounding Bankruptcy and Consumer Proposals?

Some misconceptions about Consumer Proposals and Bankruptcy prevent Canadians from seeking help from a Licensed Insolvency Trustee about debt relief. This video debunks 6 of them with answers from a licensed debt specialist.