Consumer Proposals

A Consumer Proposal is a legal process allowing a debtor to keep their assets and make a settlement with his/her creditors while avoiding bankruptcy. Contact us today to see if you qualify!

Consumer Proposal Application

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More About Consumer Proposals

The purpose of a Consumer Proposal is to provide a debtor or a bankrupt with an opportunity to keep their assets and modify his/her payments to creditors by extending the time for payment or reducing the amount to be paid, over a maximum period of five years.

Executions, garnishees, and other actions by creditors will be stopped once the Consumer Proposal is filed.

To qualify to make a Consumer Proposal, a debtor must owe between $1,000 and $250,000, and be a resident of Canada or have property in Canada. Citizenship is not a requirement to file a Consumer Proposal, therefore it’s a great solution for dealing with debt. An individual who has filed an assignment in bankruptcy may make a Consumer Proposal if the Inspectors, if any, have given their approval.

To speak directly with an expert, contact Debt Canada at:

Local 604-588-9491
Toll-Free 1- 877-588-9491
Fax 604-588-9007
Email info@debtcanada.ca
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