Consumer Proposal

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A consumer proposal is a formal, legally binding process that is administered by a Licensed Insolvency Trustee, acting as an Administrator. If you are looking for debt consolidation help, a consumer proposal may be the right solution for you. In this process, the Administrator will work with you providing expert consumer debt help to develop a “proposal”: an offer to pay creditors a percentage of what is owed to them.

The term of a consumer proposal cannot exceed five years.  Payments are made to the Administrator who then distributes the funds to each of your creditors, less any allowable Administrator fees, in accordance with the proposal terms.

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Once you have filed your proposal, actions against you by unsecured creditors, such as executions, wage garnishments, etc. are stayed or stopped.  For your proposal to be accepted by the creditors, the majority of creditors (in dollar value) must vote in favour of the proposal.  

The most important things


If you’re like us, you’ve got questions we can help answer them

Will I lose my house or my car?
How is my credit rating affected by the proposal?
What if my creditors vote against the proposal?
How much will it cost?
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