Consumer Proposals: Articles

A consumer proposal is a legal debt settlement option available to Canadians who find themselves overwhelmed by their financial obligations.

There is a common misconception in Canada that all types of debt is bad. Good debt, however, is such a thing – provided you take on loans with a goal of investing in the future or learning new skills, it can be a wise move.

Struggling to make your monthly payments? In need of debt relief that will substantially reduce your monthly payments?

Now we have established that a consumer proposal can be rejected, you are likely wanting to know more about the reasons why.

When you file a consumer proposal, half of the battle is having it accepted by your creditors and the court.

If you are looking for a consumer proposal example, you are highly likely weighing up the advantages of a consumer proposal and looking to file one yourself.