Consumer Proposal Peterborough, ON

Consumer Proposals: The Most Popular Alternative To Bankruptcy

Consumer proposals are increasingly becoming more popular as Canadians find out about the benefits of our consumer proposal services as an alternative to filing bankruptcy.

If you decide to file a consumer proposal with your creditors, your Licensed Insolvency Trustee (LIT) will negotiate with your unsecured creditors on your behalf so you can make a repayment plan to repay a portion of the debts you owe.

The benefits of a consumer proposal far outway the drawbacks, and it is often more attractive to your creditors as well.

Why Should I Make a Consumer Proposal?

While there are several ways to get out of debt in Canada, there are many benefits of a consumer proposal for both you and your creditors.

When you meet with a Licensed Insolvency Trustee they will help you explore all of your potential debt relief solutions so you can find the right fit that's best for you and your debt problems.

• You should consider speaking with a LIT about a consumer proposal if:
• You have a house or car that you would lose in bankruptcy that you would like to keep,
• You have consumer debts of less than $250,000 (not including the mortgage debt on your principal residence),
• You want to put a stop to interest charges, collection calls, frozen bank accounts, wage garnishments and other legal actions against you,
• You want to repay a portion of your debts over a period of time while avoiding bankruptcy.

You Must Speak With a Licensed Insolvency Trustee For Consumer Proposal Information

In Canada, only Licensed Insolvency Trustees are licensed and regulated by the federal government to provide consumer proposal services on your behalf.

When you meet with a LIT in your area you can learn more about consumer proposals and the steps in filing one, as well as your other debt relief options, such as filing bankruptcy or debt consolidation.

A consumer proposal is only one of the debt help programs offered by a Bankruptcy Canada insolvency professional, but it is often the best solution for many consumers.

Other debt relief options we can help with include budgeting, credit counselling, debt consolidation and personal bankruptcy.

To learn more about these debt relief vehicles as well as consumer proposals please don't hesitate to contact us today to arrange your own personalized debt relief consultation.

You will learn how we can help you get out of debt through a consumer proposal or an alternative such as bankruptcy, as well as get answers to all the questions you have.

Debt doesn't have to control your life.

Give us a call today or fill out or confidential evaluation form.