Consumer Proposal Benefits

  • Consolidate unsecured debt payments into one affordable monthly payment

  • Reduce, significantly, total monthly payments on debt service

  • Stop interest accumulating on unsecured debts

  • Significantly reduce total debt to be paid

  • Stop collection actions – lawsuits and collection agents

  • Stop debt enforcement actions such as wage garnishments, frozen bank accounts, and asset seizures

How Consumer Proposals Work

    1. You meet with a federally licensed and regulated Licensed Insolvency Trustee and Proposal Administrator who will review your finances and discuss your options with you.
    2. With your approval, an offer (the consumer proposal), is made to your creditors with the assistance of the Proposal Administrator.
    3. Typically, a consumer proposal will require monthly payments over a period not to exceed 5 years.
    4. Collections, enforcement actions and interest are immediately stopped on unsecured debt by the Proposal Administrator upon the filing of the consumer proposal.
    1. No new interest can be added/accrued on your debts once the consumer proposal is filed and accepted by your creditors.
    2. The total amount you will pay to fully settle your unsecured creditors will typically be substantially reduced.
    3. Your consumer proposal can be paid in full at any time without a penalty.

    A consumer proposal is one of the fastest, safest and legally authorized ways to get out of debt and to get a fresh financial start. Accumulating too much debt or a sudden financial problem can pose serious challenges – challenges that you don’t have to face alone!

Call for a Free Consultation: (613) 820-2200

Call for a Free Consultation: (613) 820-2200

  • Personal Bankruptcy and Consumer Proposal Specialists in Ottawa
  • About us . . . The expertise to resolve your debt crisis

    We are chartered professional accountants, licensed insolvency trustees and proposal administrators. With deep and substantial knowledge and experience in finance, accounting, taxation, bankruptcy and debt- restructuring, we can help you address and resolve your financial troubles. We can stop harassing phone calls, wage garnishments and collection law suits, while implementing a solution that addresses creditors’ concerns, with monthly payments you can afford. Book a free consultation today.

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