A consumer proposal doesn’t affect your employment. As stated in the Bankruptcy and Insolvency Act, an employer cannot dismiss, suspend, lay off or discipline someone because they filed a consumer proposal.

Some sectors do require employees to disclose financial difficulties. These sectors include finance, insurance, and industries where potential blackmail could be a threat.

These industries may also perform a credit check before making a formal offer of employment.

Are professional credentials or licenses affected in a consumer proposal?

Jobs that rely on professional credentials or licenses, such as insurance brokers, chartered professional accountants and solicitors, tend to face fewer restrictions with a consumer proposal when compared to bankruptcy.

Always check with your professional board or body.

Am I eligible?

You may be eligible for a consumer proposal if:

  • You have no more than £250,000 in debt.
  • You live in Canada or own property in Canada.
  • You are struggling to make payments to your unsecured creditors
  • You can afford to make a small repayment amount each month.

When filing a consumer proposal, you must offer more to your creditors than bankruptcy would.

Licensed Insolvency Trustee can advise on a figure that creditors will most likely deem acceptable.


A consumer proposal doesn’t affect your employment, but some industries require you to disclose this information. Always check with your professional board or body.

If you are still unsure and would like to find out more about how your employment might be affected, let us connect you with a Licensed Insolvency Trustee who can help you.

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