2015

What You Should Know About Consumer Proposals Before Filing For Bankruptcy

Before you file for bankruptcy, take some time to talk with a bankruptcy trustee about consumer proposals. A consumer proposal may give you the opportunity to reduce the balances on your existing accounts, establish a solid repayment plan and put a stop to the collection phone calls without having to formally file for bankruptcy. If you're looking for a way to resolve your financial struggles without the lasting effects of bankruptcy, here's what you need to know.