Infographic – Consumer Proposal vs Bankruptcy

One of the most common questions we receive is “Am I better off filing a Bankruptcy or a Consumer Proposal?

The chart below will help you to see some of the key differences in each scenario as a bankruptcy and consumer proposal go head to head on some of the most frequently asked questions:

consumer proposal vs bankruptcy

The table above is provided to give you a guide Рthe specifics of your situation should be discussed with a trustee and consumer proposal administrator before you file.

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Howard Hayes

Howard Hayes is a Licensed Insolvency Trustee and Consumer Proposal Administrator with Hoyes, Michalos & Associates. Howard manages offices in Cambridge and Brantford, Ontario. He has been helping people in his community become debt free since 2005. Contact Howard today to find the right debt solution for you.


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