If you own assets of value, such as a car or a house, you can liquidate them or give them as security for a loan. These solutions can generate funds that can help you settle your debts.
But beware! If you do not pay all of your debts, you might still be struggling at the end of each month. If this happens, the consumer proposal might be more advantageous for you because it will solve all of your debts while allowing you to retain the assets that you own.
Get a free evaluation of your situation
Because every case is unique and that the problems can be numerous and complex, a free professional assessment of your situation and is necessary to determine the choices available to you and discuss their implications.