Tag Archives: consumer proposal process

Like most creditors, the Canada Revenue Agency (CRA) is willing to consider the acceptance of a consumer proposal. A consumer proposal is the only government legislated program in Canada that allows consumers to put forth a legally binding debt settlement offer and tax debts owing to the CRA can be included…

One of the advantages of filing a consumer proposal is that there’s little you have to do in comparison to filing a bankruptcy. However, there are responsibilities that need to be completed throughout the process to ensure that your consumer proposal will be discharged.  Below are 5 things that you…

A consumer proposal is an intriguing and increasingly popular way for consumers to deal with their debts. This is a formal legal process governed by the Canadian Bankruptcy & Insolvency Act and administered by Consumer Proposal Administrator who is also a licensed trustee in bankruptcy. Essentially, the concept of a…