Bromwich+SmithToronto, ON · July 14, 2026What is the difference between bankruptcy and a consumer proposal in Canada?
If you are weighing bankruptcy against a consumer proposal, here is the short version. A consumer proposal lets you repay part of what you owe through fixed monthly payments while keeping your assets. Bankruptcy clears most of your unsecured debt faster, but it can mean giving up certain assets and making payments that rise with...
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