Consumer Proposal vs Bankruptcy
September 3rd, 2009 by Questions
I have $80k in credit card debt and would like to know if it is better to offer a proposal than declare bankruptcy, now that new limits will be taking effect? My annual income $72k and I would pay a penalty for declaring bankruptcy. I could manage a repayment in a consumer proposal. Could my bankruptcy extend beyond 9 months under new laws?
Posted from: Ontario
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