Consumer Proposals: Negotiate with Your Creditors and Avoid Bankruptcy
Consumer Proposals are a way to negotiate with your creditors to pay off a portion of your debt, and an effective way to avoid bankruptcy. Here you can find answers to your specific questions about Consumer Proposals – the most often opted for bankruptcy alternative.
To learn more about this popular debt management solution, please choose one of the following:
- What is a consumer proposal?
- How does the process work?
- How does it affect my credit rating?
- Consumer Proposal vs. Bankruptcy
- How much does it cost?
- Post your question, anonymously, to our blog and get a quick response from an expert
- Get a Free Consultation with a trustee near you
- Or, to learn more please visit www.consumerproposals.com.
For questions on consumer proposals and related topics, you can trust the experts at Bankruptcy Canada!
Most Recent ‘Consumer Proposals’ Posts
Just a quick question re budget. Can creditors tell you to modify your budget and offer more if you want to file for proposal. Like drink less beer, eat less – do not buy clothes fron certain stores etc Do they want proofs how budget is calculated? Thanks for your help Posted from: Ontario
One of the reason we are thinking about filing for proposal and not bankruptcy is to not loose RESP- But this will likely cause us to pay a lot more as it will count in the calcualtions. And we are certain that if one of us loose job we will not be able to afford […]
we are both working me and my husband and we got a lot of debt just by living a way beyond our means and using credits for everything and realised now that we are in deep trouble- We want to file for proposal- How will creditors view this- Will they see it as fraud? It […]
what is the big difference between consumer proposal and bankruptcy. Would i be able to get osap if i do consumer proposal? would i be able to sponsor my wife if i do consumer proposal ? Posted from: Ontario
i am considering filing consumer proposal. I have 30,000 in debt and I have gone over my credit limit on two of my credit card about 10,000.My total debt is 40,000 now including over limit amount . Will this over limit amount 10,000 be added to my proposal or i will face legal restriction? Posted […]
My debt issue was mostly a result of fraud. While the con artist has been convicted, I’m left with a bunch of new debt. The total amount remaining isn’t the issue; it’s the payment scheduling ($2,000+/month now, decreasing to around $300/month two years from now). My total debt service ratio is over 70%, so I […]