Customer Proposal usually asked questions regarding customer proposals

Customer Proposal usually asked questions regarding customer proposals

Responses to the questions you have.

Consumer Proposal

Customer proposals are quickly becoming the most popular credit card debt relief solutions, and therefore are frequently utilized as an option to bankruptcy. These pages will need a glance at a few of the questions that are key may have about customer proposals. If you’re wondering how exactly to register a customer proposition, an authorized Insolvency Trustee (LIT) can explain each step associated with procedure. An LIT may be the only professional that is government-licensed can register a customer proposition for you, and you will be in a position to respond to any concerns you may have.

Can I lose everything if we file a customer proposal?

No, you shall maybe maybe not. Once you file a customer proposition, all of your assets are protected from your own creditors that are unsecured. In the event that you have a house or an automobile, you need to continue steadily to make repayments on the home loan or auto loan to keep them, since these debts is not incorporated into a customer proposition.

What’s the difference between a customer bankruptcy and proposal?

While both a consumer proposition and a bankruptcy can provide you a brand new start that is financial there are many key distinctions, the following:

Continue reading “Customer Proposal usually asked questions regarding customer proposals”