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What are the disadvantages of choosing an Orderly Repayment of Debts?

There are four main disadvantages of choosing an Orderly Repayment of Debts.

  1. Credit rating is similar to that of a Consumer Proposal.
  2. Up to a 5-year commitment.
  3. You cannot surrender assets to secured creditors.
  4. Creditors are given consent judgment to garnishee if payments are missed.