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Consumer Proposal usually asked questions regarding customer proposals

Consumer Proposal usually asked questions regarding customer proposals

Responses to the questions you have.

Consumer Proposal

Customer proposals are quickly becoming one of the more popular credit card debt relief solutions, and tend to be frequently utilized instead of bankruptcy. This site will need a glance at a number of the questions that are key could have about customer proposals. If you’re wondering just how to register a customer proposition, an authorized Insolvency Trustee (LIT) can explain every step associated with procedure. An LIT may 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 questions you may have.

Am I going to lose every thing if we file a customer proposition?

No, you will perhaps perhaps not. Once you file a customer proposal, all of your assets are protected from your own creditors that are unsecured. 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.