So Glad My Creditors Accepted My Proposal

So Glad My Creditors Accepted My Proposal

Violet R. (not her real name), widowed, 57 years old, $116,830 in debt, Brampton,Ontario

Dear Ted/Doug:

I am very grateful to you for meeting and educating me on the consumer proposal process.  It was scary but I am so glad that my creditors accepted the proposal.  Please convey all my thanks and appreciate to the team at Hoyes Michalos.  I have also completed one counselling session with Amie.

Everyone that I made contact with at your firm was terrific in advice and accommodation and I thank you and your team for helping me avoid bankruptcy.

Did you know that at Hoyes, Michalos 99% of the proposal we file are accepted?

For a consumer proposal to be accepted, it must be agreed to by a simple majority of your creditors based on the dollar value of the claims, or debts, they file.  It’s really that simple. And once accepted, a proposal is binding on all your creditors.

We’ve been helping people file consumer proposals since 1999, in fact the majority of those we help now file a debt proposal to their creditors rather than filing bankruptcy.  While it’s not the solution for everyone, it’s certainly one worth exploring.

Similar Posts:

  1. When is a Consumer Proposal Legally Binding on your Creditors?
  2. 99% of Hoyes Michalos Consumer Proposals Accepted by Creditors
  3. Consumer Proposal or Bankruptcy: Decision Factors
  4. Consumer Proposals – A Bank’s Perspective
  5. Guidance to Get Through the Debt Proposal Process

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