Consumers often view bankruptcy as a last resort measure to get out of debt. And for some Canadians, bankruptcy is the best option. However, only 10 per cent of those who meet with a trustee are able to file for bankruptcy.
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Category: Bankruptcy
If you are thinking that declaring bankruptcy may be your only way out of debt, you may want to consider filing a consumer proposal instead. With this arrangement, you will still be responsible for paying off a portion of your debts, but you will also be provided with immediate protection from debt collectors.
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