Variance Between a Consumer Proposal and Bankruptcy

You should choose a consumer proposal if you can't pay your debts on time and are in too much debt. A Licensed Insolvency Trustee negotiates a legally binding deal with your creditors through a consumer proposal (LIT). Here is everything that we need to know about the consumer proposal process . LIT manages the lead and helps you through the consumer proposal procedure. They create a proposal that provides creditors with a portion of the overall debt or payment extensions.  To further explain, the proposal states that the debtor will make partial payments to their creditors over a specified period. The debtor and the creditors will be legally bound if the creditors have accepted the plan. Tired of searching for a Consumer proposal near me ? Don’t worry; the experts working with Consumer Proposal Alberta are here to help you.  Whom should you approach ?  Want to get an Alberta consumer proposal but don’t know whom you should approach? Here are all the details that you s...