Consumer Debt Proposal: The Ultimate Guide to a Consumer Proposal

Consumer Debt Proposals in Canada

  • With a Consumer Proposal You Keep all of Your Assets, Including your Home, Car and RRSPs
  • Reduce Your Debt By 70% or More
  • Stop Creditor Collection Attempts, Harassing Collection Calls and Wage Garnishments
  • 400+ Offices Across Canada | 20 Years of Experience | 100,000 Satisfied Canadians

What Is A Consumer Proposal?

A Consumer Proposal is a negotiated agreement between you and your creditors that is administered by a government licensed debt professional.

Your Licensed Insolvency Trustee will act as your Consumer Proposal Administrator and will submit your proposal to your creditors.

Almost all (99%) proposals are accepted by creditors because it’s a fair agreement for them as well as yourself.

With a consumer proposal you will normally pay less than the total amount of your unsecured debts, which can result in a debt savings of 70% or more.

The main benefit of a consumer proposal is that you get to keep all of your assets, including your home and your car.

If your financial situation improves you can pay off your proposal early and get out of debt faster and in the easiest manner.

Consumer Proposal Payments

Consumer Proposal & Your Credit Rating

Consumer Proposal & Your Loans

Consumer Proposal & Your Mortgage

Consumer Proposal FAQs

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