What is a Consumer Proposal?

A Consumer Proposal provides you with immediate protection from your creditors, stopping all interest, collection calls, wage and bank account garnishments, lawsuits and even preventing liens on your assets. This is a great tool to help you get out of debt while avoiding Bankruptcy in most cases.

A Consumer Proposal is a legal agreement and can only be filed with a Licensed Insolvency Trustee. Based on your financial situation, an insolvency trustee assists you to determine how much you are able to pay back and settle your unsecured debts with your creditors.

Most unsecured debts can be included in a Consumer Proposal and we are able to help you reduce your unsecured debts by up to 80% or more with 0% interest. However, each case is different.  One monthly payment and you become Debt Free much faster than you would think.

Which Debts can be included in a Consumer Proposal?

• Credit cards.
• Lines of credit, bank overdraft.
• Personal loans.
• Payday loans.
• Income tax, HST, payroll deduction.
• Student loans (more than 7 years out of school)

We know the more you read about debt solutions the more questions arise. You need to know what to expect. The more questions you have the more answers we can give you:

• How does a consumer proposal work?
• Is a consumer proposal good for me?
• What happens to my credit report?
• Do I lose my house? my car? my savings?
• What happens with my business?