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Consumer Proposals

Consolidate with a Consumer Proposal

Stop the collection calls. Stop the interest. Make an affordable, single monthly payment. A consumer Proposal may be the best solution for you!

Yes – you can consolidate with a consumer proposal. Not to be confused with a debt consolidation loan, a consumer proposal affords you the ability to make a single monthly payment towards a determined sum, which typically is a portion of your unsecured debt!

Tens of thousands of Canadians make the decision to consolidate with a consumer proposal each and every year.

Here is how it works.

  1. When you make a consumer proposal, the Licensed Insolvency Trustee will propose to your creditors an amount that you are able to pay based on a review of your income, expenses, assets, and debts.
  2. Your creditors then vote to accept or reject your consumer proposal. A simple majority of the unsecured debt amount owed, approves the consumer proposal.
  3. In almost all cases, creditors approve consumer proposals because they are able to recoup more of the debt owed to them than if you had gone into bankruptcy.
  4. Once accepted, the amount of the proposal is paid over 4-5 years, leaving you with a single, affordable, monthly payment to your Licensed Insolvency Trustee which then distributes the funds to your creditors.
  5. You can pay your consumer proposal in full at any time.
  6. Once your proposal is paid in full it will be removed from your credit history 3 years, thus helping you rebuild your credit.
  7. Making the decision to consolidate with a consumer proposal may provide you with much needed financial relief and a fresh start.

To see if you qualify to consolidate with a consumer proposal please contact us for a complimentary evaluation.


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  • 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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