The advantages include:
- debt is reduce up to 70%
- avoids filing for bankruptcy
- all interest is stopped, and no further interest can be added to the debt
- no assets including homes, vehicles and personal possessions can be seized for sale
- filing for a consumer proposal is less than filing for bankruptcy
- if you have a steady job, most people will qualify
When your debts are more than you can manage and you have a steady job, a consumer proposal can be a wise choice.