Variance Between a Consumer Proposal and Bankruptcy

  Consumer debt proposal Alberta  is regarded as the best option for bankruptcy. There's a reason for this. They are Alberta's only government-approved debt settlement program. As more people become informed of consumer proposals, the number of people adopting them as their preferred debt solution has increased dramatically. We have created a list of the benefits and drawbacks of consumer proposals in Alberta: For those that qualify, a  Consumer debt proposal Alberta  has several significant advantages over bankruptcy: You maintain your assets:  One of the most important advantages of a proposal is that your assets are safeguarded, and you can keep everything, including tax refunds, investments, and home equity. Lower monthly payments:  With a Consumer Proposal, you return only a portion of your debt based on the terms and agreements you reach with your trustee. Debts are frequently reduced by up to 70% of the original amount owed. There is no sur...