Will a consumer proposal protect me from losing my car or home?

It all depends if your asset is paid off and if you're able to keep making those payments.

If the asset is paid off, the answer is yes. If not, you will need to continue to make your payments towards your mortgage and/or vehicle financing to keep them. If you cannot afford to continue these payments, you can choose to surrender the asset. In cases where there is a shortfall, it will be included in your insolvency process. Ultimately the decision is up to you.