Making a consumer proposal

Myth or fact?

Making a consumer proposal is more or less the same as going bankrupt.
  • Myth
  • Fact

You want to repay your debts, but each month you’re scrambling to make even the minimum payments. The dollar figures on your bills keep growing. It’s getting to the point where you’re thinking of declaring bankruptcy. Before you decide on that drastic course of action, learn how you can reduce or eliminate your debts by making a consumer proposal.

What you should know

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Who can help

  • This information applies to British Columbia, Canada
  • Reviewed for legal accuracy in June 2018
  • Time to read: 12 minutes

Reviewed for legal accuracy by

Mario Garcia, CarbonCure Technologies

Mario Garcia

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