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How can we help you?

If you have unsecured debt of under $10,000 and live in the Province of Ontario filing bankruptcy may not be the best option for you. We suggest you contact the Office of the Superintendent of Bankruptcy at 416-973-6441 to discuss your options, or you can visit their website here.

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proposals

Are proposals most often accepted?
Also, what are their drawbacks?

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One Response to “proposals”

A licensed trustee said...

If the proposal is fair to all parties, it is usually accepted. Certain creditors almost always accept proposals; other creditors are more strict, and are less likely to accept proposals.

Further information on proposals can be found on our consumer proposal information page. To find out what type of proposal would likely be accepted in your case, contact a licensed trustee.