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Many individuals are under the assumption that bankruptcy and consumer proposals are synonymous. However, is filing for a consumer proposal really the same thing as filing for bankruptcy? The quick answer here is no. Here are a few of the major differences between the two, to help clarify the confusion. Non exempt assets will not…

First things first – to understand why payday loans lead to a vicious cycle of debt, you need to understand what a payday loan is. A payday loan is typically a short-term advance given out by the various institutions (not banks), with the intention of receiving the money back on your next payday. These differ…