Consumer Proposal and Bankruptcy Blog | Debt Solution FAQs

Our knowledgeable team of Licensed Insolvency Trustees provide information and expert advice to help you on your way to becoming debt free. Our extensive debt help resource centre includes articles, videos, and podcasts on how to get out of debt including commonly asked questions about consumer proposals, bankruptcy, and debt consolidation options. Become informed about credit rebuilding and other money management tips as you search for a solution to your debt problems.

10 Common Consumer Proposal Myths Debunked

Learn the truth about proposals. From upfront fees to credit ratings, government debts to assets, we clear up the most common misunderstandings about consumer proposals in Canada to help you make an informed decision about your debt relief options.

Can I Get a Car Loan With a Consumer Proposal?

Yes, you can get a car loan during and after a consumer proposal. Learn how to improve your approval chances, understand interest rates, and use car loan payments to rebuild your credit. Many Canadians successfully finance vehicles at both stages with proper preparation and realistic expectations.

Can You Include Your Car Loan Debt in a Consumer Proposal?

Learn how to get relief from overwhelming car loan debt through a consumer proposal. Understand your options when you owe more than your car is worth, how to handle voluntary surrender, and include any remaining car loan balance in your proposal. A Licensed Insolvency Trustee can help you deal with unaffordable car payments and get a fresh financial start.

Should I Use My RRSP to Pay Off Debt?

We often hear from clients who cashed in their RRSP to keep up with debt payments. The problem is, that doesn't always help. We explore reasons not to use money from your RRSP to pay down debt and what you can do instead.