If a bankruptcy and a consumer proposalboth take 7 years to clear your file why do a proposal? If you file for bankruptcy will you loose your car or home. If your car is worth not much and you barely have anything paid into your home is there a way not to loose them? Is there a place in Winnipeg free that you can go to for free monthly budgeting to see if you can manage on your own before you proceed with more permanent methods?
Free Information About Bankruptcy in Winnipeg Manitoba
In a bankruptcy you do lose some of your assets, and you are required to make a payment each month to the trustee, which increases as your income increases. Therefore, if you have assets, or have significant income, a proposal may be a better option.
I suggest you contact a licensed trustee to fully explore your options.