Customer Proposal usually asked questions regarding customer proposals

Customer Proposal usually asked questions regarding customer proposals

Answers to your concerns.

Consumer Proposal

Customer proposals are quickly becoming the most debt that is popular solutions, and generally are frequently used instead of bankruptcy. This site will require a review of a few of the key concerns you may have about consumer proposals. If you’re wondering simple tips to register a consumer proposition, an authorized Insolvency Trustee (LIT) can explain every action associated with procedure. An LIT could be the only government-licensed expert who can register a customer proposition in your stead, and will also be in a position to respond to any concerns you may have.

Can I lose every thing if we file a customer proposition?

No, you shall maybe not. Whenever you file a customer proposition, your entire assets are protected from your own unsecured creditors. As these debts cannot be included in a consumer proposal if you own a home or a car, you will need to continue to make payments on your mortgage or car loan in order to keep them. Read More

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