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Both solutions are legally binding — however a Consumer Proposal is less invasive than a Bankruptcy. For example: A Consumer Proposal requires Consumer Proposal or Bankruptcy - Avineet Kalsey - BSCC The top 2 insolvency options that provide debt relief in Canada are personal Bankruptcy and Consumer Proposals. Both resolve
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Pros and Cons of a Bankruptcy - Consumer Proposal Vs Bankruptcy - Is a Consumer Proposal The Same As Bankruptcy? Short answer, no! Here's a little on why. To learn more visit our channel or our A consumer proposal is different from bankruptcy in that your bankruptcy trustee must offer your creditors an amount of money to settle your debts.