FILL OUT THE FORM BELOW AND RECEIVE A NO-OBLIGATION CONSULTATION

"*" indicates required fields

Name*

Phone Number*

Email*

This field is hidden when viewing the form

What's the best time to contact you?*

Location*

What city do you live in?*

This field is hidden when viewing the form

Source

How can we help you?

Agreement*

I understand that Bankruptcy-Canada.ca does not provide debt relief services directly and agree to securely share this information with a local Licensed Insolvency Trustee (LIT) for a free, confidential consultation.

Comments

This field is for validation purposes and should be left unchanged.

Select Trustee By Province

Can I stop a judgement if I file for Consumer proposal?

Posted from: Alberta

Share this post:

X (Twitter) Facebook LinkedIn Email

One Response to “Can I stop a judgement if I file for Consumer proposal?”

Desmond West-Chow, CIRP said...

One of the key benefits of filing a consumer proposal through is that there is indeed legal protection from your creditors. As a process that falls under the federal legislation of the Bankruptcy and Insolvency Act, individuals that file a consumer proposal both have the advantages of avoiding a bankruptcy while still being having an automatic stay of proceedings (or protection) from creditors. What the stay of proceedings means, more specifically is that creditors are not entitled to contact, collect, initiate any legal proceedings or continue any under way.