What Is A Consumer Proposal?

Consumer proposals are a proactive solution to your debt problems. Consumer proposals take charge of your money problems, enabling you to propose a direct debt settlement with your creditors. Filing bankruptcy in Canada will also deal with your debts, but bankruptcy is a more reactive approach, when you have no other options.

In a typical debt proposal you would make a single monthly payment over a period of no more than 5 years. Those funds would be distributed among your creditor. Once the final payment is made, your debts are eliminated

Consumer Proposal

  • A legally binding debt settlement
  • Repay only a portion of your total debts
  • One, affordable, monthly payment over no more than 5 years
  • Interest is frozen when you file

Consumer Proposal: Immediate Debt Relief

Even if you qualify for a debt consolidation loan, you will be repaying all of your debts, in full, plus interest. If you have more debt than you can handle, that's very expensive.

Consumer proposals feature a single, reasonable, affordable monthly payment to deal with all of your unsecured debts.

cost of consumer proposal

To compare your payments under different debt relief programs, try our consumer proposal calculator or learn more about how a consumer proposal works.

If you need debt help in Ontario, talk to us about a consumer proposal. Contact a qualified consumer proposal administrator in any of our Ontario locations.

Find Out If You Qualify