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Calgary, Edmonton bankruptcy Q&A forum



How does a proposal work? Is it the same as claiming bankruptcy or is it a step before that happens?



Grant Thornton Limited



Jun 13, 2017



Hello, A proposal is an alternative to bankruptcy which allows you to settle your debts to an affordable amount (if applicable). The filing of a proposal does affect your credit rating but allows you to formulate a budget for expenses and repayment. Alternatively, if the proposal is not accepted or affordable then you can choose to file bankruptcy. I would be happy to discuss the differences in detail. Please contact us at 310-8888 to speak to one of our professionals.

Susan Methuen
T 403-310-8888


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