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Tag: Consumer Proposals

Debt Relief Options for Canadian Immigrants: A Full Guide

By Paul Murphy

With overly complex language and a lack of early education, it’s no surprise that so many Canadians are financially illiterate and struggling with debt. Navigating Canada’s debt industry is already difficult for Canadian-born debtors, let alone immigrants living in Canada for the first time. That’s why we’ve created this article specifically for Canadian immigrants who … Continue reading Debt Relief Options for Canadian Immigrants: A Full Guide

Will a Consumer Proposal Affect My PR Application in Canada?

By Paul Murphy

A consumer proposal is a legal debt relief solution in Canada, governed and regulated by the Bankruptcy and Insolvency Act. A consumer proposal will impact your credit report — but the proposal itself, as well as its credit impact, won’t lead to immigration issues. Canadian immigration authorities do not consider your credit score or past … Continue reading Will a Consumer Proposal Affect My PR Application in Canada?

Can my Credit Card Debt be Forgiven in Victoria?

By Paul Murphy

Victoria has one of the highest credit card debts per capita in Canada, at an average balance of $12,874, but can this debt be forgiven? Debt forgiveness is a best case scenario for most Canadians in debt, but it’s not easy to find. This article will cover what debt forgiveness is and whether your credit … Continue reading Can my Credit Card Debt be Forgiven in Victoria?

Consumer Proposal for Business Owners: What You Should Know

By Paul Murphy

A consumer proposal is an incredibly valuable tool for relieving your debts. You can have some of your debts forgiven without enduring the same financial repercussions as a bankruptcy. However, as many Canadians kickstart their own small businesses, it becomes harder to understand what debts qualify for a consumer proposal. Popular questions we get are … Continue reading Consumer Proposal for Business Owners: What You Should Know

How will a Bankruptcy or a Consumer Proposal affect your credit rating?

By Darrell Pauls

How will a Bankruptcy or a Consumer Proposal affect your credit rating? If you are searching for answers to your debt problems, you may have looked into bankruptcy or a consumer proposal. You might know a little about what each of those options can do for you, but how do they impact your future credit … Continue reading How will a Bankruptcy or a Consumer Proposal affect your credit rating?


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