Consumer Proposals Winnipeg

A Consumer Proposals Winnipeg is a straightforward process. Simply put, it is a settlement offer made to creditors. Once filed, you are protected from collection actions, as a Stay of Proceedings is immediately put in place. This legal protection ensures that creditors can no longer pursue payments. In this way, the process is similar to filing for bankruptcy. The proposal is officially submitted to the federal government, which oversees and regulates the proceedings.