A Consumer Proposal is a debt settlement offer to your creditors to either pay them over a longer period of time, or pay them less than the total amount owed. In either case you are granted creditor protection, interest stops accumulating, and payments are reduced to an amount you can afford.

The process offers flexible payment options and creditors will generally be prepared to accept a settlement offer once they understand your specific circumstances.

Only a majority of your creditors must approve the settlement offer - the consent of all creditors is not required. The process is binding on all creditors, provided a majority are in favour of the offer. We have a very high success rate with the proposals we have drafted.

To qualify, your debt load cannot exceed $250,000 excluding the mortgage on your principal residence.

Proposals can only be administered by a Licensed Insolvency Trustee and are the only government administered debt relief programs.