December 29, 2013
In Canada, we have something called a Consumer Proposal, that once rendered, the banks have to respect and reply to.
”A consumer proposal is a viable restructuring option for over 45,000 Canadians a year. It allows the consumer to seek legal protection from their creditors under a Federal Statute (Bankruptcy and Insolvency Act) whereby a debtor usually only repays a portion of what they owe.”
It changes the debt game and gives you, as a debtor, the upper hand.
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