Category Archives: Bankruptcy

What to Choose Between A Consumer Proposal and Bankruptcy?

The major difference between the consumer proposal and bankruptcy is that the consumer proposal gives the person more rights on their assets. It means that the person can learn more of their assets. And also, it has less effect on the credit score of a person. That can stay of only three years in comparison […]

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What Happens to My professional Designation If I File Bankruptcy or Consumer Proposal?

Nothing would happen to any person if they filed bankruptcy. The law prohibits both the government and private companies from terminating their employment. Just because the person filed bankruptcy, but it can affect when a person applies for a new job or search for a new job. In that case the situation is not that […]

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Will I Lose My Real Estate License If I File Bankruptcy or Consumer Proposal in Ontario?

No, filing a bankruptcy or consumer proposal does not mean that one can lose their real estate license. And it is according to the Real Estate Council of Ontario (RECO).  RECO doesn’t say anything like filing a bankruptcy or consumer proposal means the license will be ceased or something. So, if someone has such questions […]

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