SavageHorseman Posted December 6, 2016 Report Share Posted December 6, 2016 Hi, I am owing a dept of $210,000. Should I opt for bankruptcy or proposal? I'm totally confused now. When I read an article the other day, compares the bankruptcy and proposals. In that it says that, if the dept is below $250,000 it is better to select the consumer proposal is enough. Is it true? Is this a correct information? I would like to know your comments on this. Here is that article: http://www.billfixer.com/bankruptcy/proposals-vs-bankruptcy-which-is-better-for-you/. Kindly, share your opinions as soon as possible. Thanks in advance Quote Link to comment Share on other sites More sharing options...
despritfreya Posted December 6, 2016 Report Share Posted December 6, 2016 I believe "Insolvency Trustees" are unique to Canada (and maybe some other countries) but not the US. I doubt that posters to this forum know Canadian insolvency laws. I recommend you discuss the options with someone familiar with Canadian law. Of course, maybe some does know and will chime in. Des. Quote Link to comment Share on other sites More sharing options...
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