SavageHorseman

Bankruptcy or proposal?

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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

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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.

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