We Help With Your Debt & Get Your Life Back on Track

We help Canadians get out of debt and back to life. Learn about government debt forgiveness programs that can reduce debts by up to 80%.

WHAT IS A CONSUMER PROPOSAL?

When you work with a trusted advisor to design a consumer proposal there are several factors that are looked at to determine the length of the payments.

While some consumers have the ability to use funds to pay out their creditors in a lump sum, most need to make payments over time to satisfy their proposal. A consumer proposal cannot last longer than five years, but it is not uncommon to have payments set over a period of three or four years.

Factors that determine this can include the security of a person’s income, the consumer’s age or health, the amount of the total debt load and the consumer’s overall budget. With so many factors to consider, it is important that you seek the advice of a government licensed Trustee.

WE HELP YOU GET OUT OF DEBT

Working with Your Trustee

You will be required to provide all essential information about your household income, debts, and assets to your trustee.

Offer to Your Creditors

You and your trustee need to determine what you are going to offer your creditors. After which you will have to attend a meeting to sign the legal documents for filing with the government and your creditors.

Keeping up Your Payments

Once your consumer proposal is accepted, you are obligated to keep up your payments according to the terms of your proposal, which generally requires a monthly payment.

Attending Credit Counselling

You will need to complete two credit counselling sessions once your consumer proposal is accepted, and before you are done making payments.

DEBTS IN A CONSUMER PROPOSAL

Once your consumer proposal is accepted, provided that you have completed the terms of your proposal within the designated time frame, you no longer owe the balance of your debts.

Completion

Once you have carried out the terms of your repayment and you have completed your credit counselling sessions, you will receive a compliance certificate, in which you no longer have to repay your unsecured debts!