Consumer Proposals have increased as the ability to Re-finance has been eliminated!
According to the recent stats from Industry Canada the number of Consumer Proposals in Canada were up 4.4% from the previous year. With the new mortgage refinance guidelines which only allow a person to refinance their mortgage up to a maximum of 80% of the total value of their home, and with consumer debt still increasing more people find a Consumer Proposal is their only way out of their current situation.
We are pleased to say that we have established a strong working relationship with a member of A. Farber And Partners Inc. They have come to the rescue of many of our clients, who we could not provide with a refinance. A. Farber is committed to Respectful Solutions to Debt Problems. If you find yourself getting behind with debts, please call us first and let us help!
For more information about Consumer Proposal stats please visit Bankruptcy Canada.