A formal legal process in Canada where a debtor negotiates with creditors to repay a portion of outstanding debts as an alternative to bankruptcy. A consumer proposal affects credit reports and mortga
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A formal legal process in Canada where a debtor negotiates with creditors to repay a portion of outstanding debts as an alternative to bankruptcy. A consumer proposal affects credit reports and mortgage qualification for several years.
← Mortgage & Real Estate Glossary 2026 · Editorial standards
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