Consumer Proposals are the number one alternative to bankruptcy in Canada.  It allows you to settle your debts for less than you owe by making a “deal” with your creditors.

Click below to watch our video for a 1-minute overview:

Many people are interested in knowing how to quickly rebuild their credit after a Consumer Proposal.  Click below to watch our short animated film outlining our 5-step “SANDS” plan to rebuild your credit

Debt Settlement

Consumer Proposals are often also called Debt Settlement Proposals.  Click below to watch a short video outlining a real-life example of how this can be used to eliminate $20,000 in debt over a period of 36 months.

Consumer Proposals can only be filed by a Trustee in Bankruptcy and have significant advantages compared to debt consolidation or credit counselling programs.

Consumer Proposals allow you to make a legal arrangement, or debt settlement, with your creditors to have you pay off only a portion of your debts, extend the time you have to pay off the debts, or some combination of both.

This powerful tool has steadily gained in popularity in recent years. It provides a means to deal with an unmanageable debt load and can be a debt negotiation option for you without resorting to personal bankruptcy .

They can be made by a person who owes between $1,000 and $250,000, excluding mortgages on a personal residence. If the person’s debts are more than $250,000, a person may still file a Proposal, but some different rules will apply.

The first step in this process is to Contact Us for a free, confidential evaluation of your financial options.