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Consumer Proposal
If your debts are under $250,000 (excluding the mortgage on your principal residence) you may be eligible to file a consumer proposal to your creditors.
Depending on your financial circumstances, if you are able to pay your debts in full with a significant reduction on interest, you may be able to enter into a monthly debt repayment plan. Should this be a viable option, we can make a referral.
There is no one-size fits all solution to your financial problems. Everyone we meet is different and we will take the time to discuss all your options with you.
Proposal to Creditors – FAQs
Can filing a Proposal stop garnishment of my wages? Yes, filing a Consumer Proposal will stop garnishments, with the exception of garnishments for child and...
Are my RRSPs protected? Only RRSP contributions within the twelve (12) month period prior to your date of bankruptcy are not protected. Should your RRSP...
