A consumer proposal is a legally-binding settlement between a debtor
and his creditors that can reduce the amount of debt by up to 70% or more.

Confronting your debt problems isn’t easy but with the help of Morataya Corp. Debt Solutions you may be able to lower your debt by up to 70% and obtain the debt relief you’re looking for.
You’ll learn that you have options. You don’t have to settle for expensive loans or a bankruptcy. You’ll be amazed once you take the first step and call Morataya Debt Solutions. In fact, many of our clients say they wish they had come to see us sooner.

Don’t settle for large, corporate debt solution companies that treat you like a number. Get the expert debt relief and emotional support you need by choosing Morataya today. We are a family-owned and operated Licensed Insolvency Trustee firm.

How to Avoid Bankruptcy

A consumer proposal is appropriate for someone that cannot repay his debts in full but has the means to repay a portion of the debt owing in an orderly manner. This allows him to avoid declaring bankruptcy.

A consumer proposal is a legal mechanism allowing a person to make an arrangement to pay back debts in a stipulated way. In most cases debts can be reduced to a fraction of the original amount and this usually works out to be 30% of the total debts. The repayment period may be extended up to 5 years with no interest added.

This arrangement is suitable for someone who cannot pay back his debts in full with interest. Once the consumer proposal is approved, it becomes a legally-binding contract between a debtor and his creditors.