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Podcast: DebtMatters Podcast
Episode: 127 - Can You Switch Between Bankruptcy and Consumer Proposal
Description: Under the Canadian Bankruptcy & Insolvency Act there are two options that allow consumers to eliminate debt, filing a Bankruptcy or a Consumer Proposal. The option you chose is based on your personal situation at the time of filing. But what happens if your financial circumstances change? Can you switch from a Bankruptcy to a Consumer Proposal or if you have filed a Consumer Proposal can you change to a Bankruptcy? When would it make sense to switch?Licensed Insolvency Trustee, Francyne Myers walks us through these two debt relief options and explains when it may be beneficial...