162 - Your Guide to Debt Relief: What Is a Consumer Proposal?

DebtMatters Podcast

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9d ago 16:58

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Wayne Kay sits down with Derek Chase to unpack the growing rise of Consumer Proposals in Canada. Find out how they work, who qualifies, and why more Canadians are choosing them over Bankruptcy as a debt solution.

Key topics discussed include:

Why Consumer Proposals are gaining popularity: Look at the reasons more Canadians are turning to this option for structured debt relief and asset protection.
The impact on credit: Explore how a Consumer Proposal affects your credit rating and what it means for rebuilding moving forward.
Is it the right fit for you: Break down the factors to consider when deciding if a Consumer Proposal aligns with your income, debt type, assets, and financial goals.

Plus:

Secured vs. unsecured debt: The difference between debts tied to assets and those that aren’t—and why each requires a different repayment strategy.
Alternative debt relief options in Canada: From debt consolidation to Bankruptcy, explore the full range of solutions available to Canadians.

“The key to choosing the right path is looking at your cash flow—not just this month, but the next and the one after that.” — Derek Chase

Struggling with debt doesn’t mean you’re out of options. Consumer proposals offer a practical path forward—one that’s affordable, legal, and designed to give you room to breathe. Tune into the podcast to learn how.

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