A Consumer Proposal is a legally binding agreement between you and your unsecured creditors which allows you to settle your unsecured debts for a much smaller percentage of what you are owing. It is filed with a Licensed Insolvency Trustee who will assess your financial situation and assist you to determine how much to offer your creditors.
A Consumer Proposal provides you with immediate protection from your creditors, stopping all interest, collection calls, wage garnishments and lawsuits.
We, as a Licensed Insolvency Trustee company, are typically able to reduce your unsecured debts by up to 70% or more. However, each case is different. One monthly payment and you become Debt Free much faster than you would think.
This is a wonderful tool to help you get out of debt while avoiding Bankruptcy.