Is a consumer proposal right for you, or is a bankruptcy better?

Is a consumer proposal right for you, or is a bankruptcy better? | Paul J. Pickering and Associates Limited | The Must See Trustee

Is a consumer proposal right for you, or is a bankruptcy better?

While each case is different, I feel there are two key elements that justify a Consumer Proposal over a bankruptcy…

  • You have a specific asset you want to protect that you would otherwise lose in a bankruptcy
  • You have consistent and/or reliable

If you opt for a consumer proposal for moral reason, it is important to understand…

  • From my experience, no one will thank you for “doing the right thing”
  • During the five years of your Consumer Proposal, no one will grant you credit
  • If you default on your payments, you could still end up in bankruptcy, losing the money you paid and the time you spent in your proposal


The Personal Experience From Your Office Was More Than To Be Expected. | Nov 21, 2016

I would like to express my appreciation to Paul Pickering’s office for the assistance given during my bankruptcy. I would also personally thank Don Baruth for his assistance and guidance and always answering questions immediately. The personal experience from your office was more than to be expected.Thank you again- L.W

About Us

“We started this business in 1990 to provide one on one financial solutions. We are here to help you through your solution with dignity, respect and the highest confidence in your future.”

Paul J. Pickering CPA CA CIRP LIT

Paul J. Pickering and Associates Limited (formerly Paul J. Pickering Limited) was founded in 1990 with the ideas and thought of helping individuals deal with personal debts and the process of financial rehabilitation.

Paul Pickering graduated from the Ivey School of Business, University of Western Ontario in 1976. In 1980 Paul received his Chartered Accountants designation and his Trustee licence in 1988.

While working for a national insolvency firm, Paul saw the need of providing financial services on an individual basis without the structure of a large imposing firm. On November 1, 1990, the firm was born.

Since 1990, the firm has continued to provide one on one service to London and area. All facets of the Bankruptcy process or Proposal process are conducted within the office. Unlike other firms, we do not use contract facilities to provide the counselling required under the legislation.

All consultations are free of charge because we encourage people to understand the process. We leave the decision to the individual as to how they wish to resolve their financial situation.

Our goal is to treat everyone facing financial difficulty with dignity and respect.