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Consumer Proposal

A Consumer Proposal consolidates your debts into one manageable, interest-free monthly payment agreed with your creditors by the Licensed Insolvency Trustee. It is a legal contract, meaning all your unsecured debts are included. A Consumer Proposal must be completed within five years, meaning your affordable monthly payments can be spread across this time. A consumer proposal can be paid off early without any penalties.

While in Consumer Proposal, creditors will no longer be allowed to contact you or charge you interest on your debts. 


  • Reduce debts by up to 80%

  • Keep all your assets

  • Consolidate all debts into 1 monthly payment

  • Stop creditor calls and letters

  • Stop garnishments

  • Pay off as soon as you want

  • Avoid bankruptcy

reviewing consumer proposal

Debts Included

  • Credit cards

  • Pay day loans

  • Personal loans

  • Lines of credit/overdraft

  • Tax debts

  • Co-signed debts

  • Vehicle loans (if vehicle returned to lender)

Your Responsibilities

1) Monthly payment to the Trustee (You cannot miss three months of payments)

2) Attend two counselling sessions, 30 minutes, one on one with our financial counsellor


  • Total unsecured debts are between $6,000 and $250,000

  • You have enough income to pay lower fixed monthly payments

  • You are insolvent, which means that your total debts are more than the value of your assets

  • You want to avoid bankruptcy to protect important assets like your home and investments

  • You must either reside, or have property in Canada

Ready to get Started?

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