Debt Relief Experts
Joint Consumer Proposal: Dealing With Joint Debt
If both you and your partner struggle with common debt you are both liable for, we explain when it's possible to file one consumer proposal jointly and how this can save you money.
Consumer Proposals
Where To Get A Consumer Proposal Filed
Licensed Insolvency Trustees are regulated by the federal government but obtain licenses to work in each province in Canada. Find out how where you live impacts where to find a trustee to work with.
Are There Typical Consumer Proposal Terms?
Debt looks different for everyone and therefore the terms of a proposal will be different. We’ll discuss the common requirements of all proposals and why tailoring a proposal for you is important.
How to Make a Consumer Proposal Budget That Works
If you're going to file for a consumer proposal, we make sure your proposal payments fit your budget. In this blog, find out how to determine if you can afford payments.
Employment Concerns: A Toronto Case Study
Having job security is a luxury that not all individuals have, so what happens if you lose your job and extra debt starts building up? Explore a case study of one of our client’s in a similar situation.
How To Interview Your Consumer Proposal Administrator(or any debt advisor)
Learning how to interview a debt advisor can be a useful skill if you are planning on filing for insolvency. Find out what a consumer proposal administer is, how they are licensed, associated fees and more.
How Long Is The Average Consumer Proposal?
By law a consumer proposal can be no longer than five years. However, you can propose any term for your proposal payments. Ted Hoyes explains more, and how you can pay your proposal before the end of the full term.
Calculating Payments in a Consumer Proposal
When you file for a consumer proposal, you offer your creditors an amount for your proposal payments. In this blog, find out what factors affect this and 3 steps you can use to calculate your payment terms.
99% of Hoyes Michalos Consumer Proposals Accepted by Creditors
If you are considering a consumer proposal to help eliminate your debts, you want your creditors to accept the terms of the proposal. In general, consumer proposals have a 99% acceptance rate.
Why a Consumer Proposal May Be Your Best Option
Filing for a consumer proposal can be a great option for debt relief and can help you avoid bankruptcy. Explore what a consumer proposal entails and what advantages this option has over a bankruptcy.
EXCLUSIVE: Why does the Royal Bank vote NO on consumer proposals more than all other creditors combined?
Did you know that 99% of our consumer proposals are accepted by creditors? And that the Royal Bank makes up majority of creditors that vote against them? Doug Hoyes explains why here.
Consumer Proposals: Debt Limit
A consumer proposal has a legislated debt limit of $250,000. Find out what debts are included in that calculation and what options you have if you owe more than the allowable limit.
Consumer Proposal Help When Expecting Lump Sum Payments
Consumer proposals are a very flexible tool when it comes to debt settlement. If you receive a lump sum before or during a proposal, find out how this can impact your proposal terms.