A consumer proposal in Calgary provides an effective alternative for individuals struggling with debt. This legally binding agreement allows you to pay off a portion of your debt over a set period, typically up to five years, with the remaining debt being forgiven. Unlike bankruptcy, a consumer proposal in Calgary lets you avoid the severe financial repercussions of filing for bankruptcy, such as asset liquidation and a lengthy credit recovery process. By working with a Licensed Insolvency Trustee, the proposal is managed professionally, ensuring that you adhere to the terms while minimizing your debt load and protecting your assets. https://bankruptcycanada.com/consumer-proposals-in-calgary/