What happens to my assets if I file a consumer proposal?

AssetsĀ in a consumer proposal: unlike a personal bankruptcy, your assets remain your property when you file a consumer proposal.

One of the main ideas behind a consumer proposal is that you are offering a settlement in lieu of a bankruptcy so that you don’t lose control of your assets. Once your proposal has been filed by your Licensed Insolvency Trustee and accepted by your creditors, the assets remain your property.

What happens to my income tax refund? »