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.
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.
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.
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.
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 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.
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