Both consumer proposals and declarations of insolvency through an assignment in bankruptcy are considered an easy way out of debt.

Question

Quizplus · Accepted Answer

Although both consumer proposals and declarations of insolvency through an assignment in bankruptcy can provide debt relief, they are not considered an easy way out of debt. Both options involve significant financial consequences and should only be considered after careful consideration and consultation with a licensed insolvency trustee.

Both Consumer Proposals and Declarations of Insolvency Through an Assignment