Debt Repayment or Bankruptcy
March 13th, 2007 by Questions
I am currently taking part in a debt repayment program through our local credit counselling service. Because of a disability that is expected to be permanent, I struggle with trying to keep up with the payments. However, I don’t want to go the bankruptcy route if I can avoid it.
Is it better to continue in the debt repayment program, generally, even if it takes a longer period of time than it would be to declare bankruptcy?
Do you need money up front for a consumer proposal or would that work like the debt repayment to avoid the bankruptcy route?