PROPOSAL OR BANKRUPTCY
Which is better to help rebuild credit?
This is an older topic that we have often talked about in the past but it is certainly worthy of repeating.
Proposals are good alternatives to bankruptcies but they are always more expensive than bankruptcies and provide little to no advantage in terms of rebuilding credit.
In fact proposals can make it more difficult to rebuild credit than bankruptcies.
Don’t be fooled into thinking that “doing the right thing” will necessarily put you in a more favourable position with creditors.
Call our offices in London, Chatham, Windsor, Woodstock or Sarnia to find out if a proposal or bankruptcy is best for you to clean up your debt problems.