Customer Proposal usually asked questions regarding customer proposals

Customer Proposal usually asked questions regarding customer proposals

Answers to your questions.

Consumer Proposal

Customer proposals are quickly becoming the most popular credit card debt relief solutions, consequently they are frequently used instead of bankruptcy. These pages will need a glance at a few of the key concerns you could have about customer proposals. If you’re wondering how exactly to register a customer proposition, an authorized Insolvency Trustee (LIT) can explain every step of this procedure. An LIT could be the only government-licensed expert who can register a customer proposition for you, and you will be in a position to respond to any questions you may have.

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

No, you shall not. Whenever you file a customer proposal, all of your assets are protected from your 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.

What’s the difference between a customer proposition and bankruptcy?

While both a consumer proposition and a bankruptcy can provide you a new economic begin, there are many key distinctions, the following:

Exactly about Bike Finance at Competitive Rates

Exactly about Bike Finance at Competitive Rates

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