Category: Business, Services

Tags: debtcounseling, creditcounseling, licensedinsolvencytrustee, consumerproposal

A consumer proposal is one of the more popular “how to get out of debt solutions” in Ontario. Currently, 6 in 10 Ontarians would choose a consumer proposal as a debt relief solution to avoid filing for bankruptcy. It’s considered the top alternative to bankruptcy in Ontario primarily because it provides the same essential protections that a personal bankruptcy does without the corresponding costs and fees and the financial stigma associated with bankruptcy.