More and more Canadians are looking into alternatives for bankruptcy. In fact, in 2014 alone, more than 53,000 people filed for a consumer proposal. With a lower monthly debt payment, wage protection, and a considerably less severe effect on credit score, it is no wonder why using a consumer proposal has become a viable option for many. It is worth noting, however, that not everybody will be qualified for consumer proposals and other alternatives to bankruptcy may be more viable. There are certain requirements you need to meet and consider before looking at any debt restructuring option. An experienced consultant from 4 Pillars in Victoria, Nanaimo, Port Alberni, or Courtney can help understand your options and verify your eligibility.
