Can I lose my job for filing a consumer proposal?

No, absolutely not!  You cannot lose your job for filing a consumer proposal.  Section 66.36 of the Bankruptcy and Insolvency Act states that “No employer shall dismiss, suspend, lay off or otherwise discipline a consumer debtor on the sole ground that a consumer proposal has been filed in respect of that consumer debtor.”

Therefore, your employer would be in contravention of federal legislation if they terminated or disciplined you as a result of filing a Consumer Proposal.
Debt problems can be scary, and sometimes people fear the worst including job loss, continued harassment or even more serious consequences such as jail time or physical retribution from creditors.

The good news is that we live in a great country with laws that balance debtor and creditor rights alike.  Consumer Proposals have a number of disadvantages, but losing your job isn’t one of them.  For a list of the pros and cons of a consumer proposal, review our consumer proposal page here, or drop us a line to have your situation reviewed by a licensed Trustee in Bankruptcy who will explain your options to you and show you how you can be debt free.  What are you waiting for?  You’ve got nothing to lose except your debt!