Learning Centre

Consumer Proposals And Your Credit Score

Maintaining an acceptable credit rating is a priority for many Canadians. Having “good credit” can give you access to vehicle financing, credit cards, cellular networks, and other important services. For the Canadians who are dealing with insolvency, it becomes almost...

What Is A Consumer Proposal? (Is it worth it?)

At Hudson & Company, we understand that life does not always go as planned. Our goal is to provide debt relief and insolvency solutions to help get you back on track. Because every person’s financial situation is unique, we will always find a solution...

What Happens During Banruptcy?

Advanced Content | Bankruptcy & Consumer Proposals   ADVANCED

This page is provided as a resource for people considering personal bankruptcy or who have already declared bankruptcy and are seeking further information regarding what happens during and after filing for bankruptcy…

Making Sense of Alberta’s Bankruptcy Exemptions

Advanced Content | Bankruptcy & Consumer Proposals   ADVANCED

Find out what assets are exempt from bankruptcy proceedings federally, and provincially in Alberta. Learn about the legislation that determines the exemptions and limitations placed on certain assets…

How Do Consumer Proposals Work?

Advanced Content | Bankruptcy & Consumer Proposals   ADVANCED

A consumer proposal is a legal solution designed to settle your debt by repaying a fraction of what is owed to your creditors, interest-free, without losing any of your assets.  A consumer proposal includes a repayment plan that can significantly reduce your debts up to 70%…

Consumer Proposal vs Bankruptcy?

Advanced Content | Bankruptcy & Consumer Proposals   ADVANCED

An in-depth comparison of Canada’s two formal debt settlement solutions offered under the Bankruptcy and Insolvency Act. Find out how they are similar and how they are different.