Will a Consumer Proposal Affect My Employment?

A Consumer Proposal Won't Affect Your Employment.

How bad is a consumer proposal?

Filing a consumer proposal will damage your credit rating and financial health; there is no way around it. Anything other than on time regular payments towards your credit accounts will negatively affect your credit rating and result in a black mark on your credit report.

Will a consumer proposal affect my business?

If your business is incorporated, your consumer proposal will not affect the business. ... There is a proposal process available (if appropriate to your company's situation), but instead of filing a consumer proposal which is limited to individuals, the corporation may file a “Division I” proposal.