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Consumer proposal

Avoid bankruptcy and eliminate up to 50% or more of your debt.

The consumer proposal is a possibility that we can evaluate according to your financial situation.

Such an agreement allows you to consolidate all your payments into one monthly payment, to spread your repayment period over a period that cannot exceed 60 months, and to stop paying interest.

What is a consumer proposal?

The consumer proposal consists of offering a lump sum to creditors, repayable in monthly installments, for a period not exceeding 60 months. We take the amount offered and divide it by the number of months you want to take to pay it back. No interest on the debt, only a debt that decreases month after month.


Who is the consumer proposal for?

This option is for an individual who has a monthly income that exceeds his or her current expenses, excluding debt repayment.

Also, a consumer proposal is advisable if you have seizable assets that you wish to keep. However, the proposal will have to consider the value of these assets.

Steps in the Consumer Proposal

First of all, it is important to know that only a licensed trustee in insolvency can file your consumer proposal. You can’t do it by yourself.

If you call on one of our experts, he or she will first perform a diagnosis that involves the following steps:

First, the budget must be determined. This determines the maximum amount you are able to pay back monthly.

Next, you will need to answer these questions:

  1. Is your income stable?
  2. Do you have seizable assets and what is their value?
  3. What is the nature of the debts and who are the creditors?
  4. Did anyone endorse any of the debts and in what amount?
  5. Is the total debt less than $250,000 if we exclude the real estate mortgage?

Schedule a meeting with one of our



Without commitment. Confidential.

The other side of the coin: what are the consequences to the consumer proposal?

The consequences of leaving are the same as for bankruptcy. This means that until you pay off your debts, the notation on your credit report will not change. Once the debt is paid off according to the terms, the annotation changes to reflect this on the credit report.

Our team will be able to guide you to verify if the consumer proposal is the right solution for you.

Do you have any questions? We have the answers.

When to make a consumer proposal?

If you are in a situation where you are unable to meet obligations as they come due, it is past time to make a consumer proposal.

If your total debt is not going down despite your monthly payments, you need to take action.

If your employment or medical situation has changed, it is time to consider this option.

If you are going through a divorce or separation, it may be difficult to make ends meet. You see a debt burden coming, call us quickly.

If you are facing wage or bank account foreclosure, it’s time to hire a trustee and look into the consumer proposal option.

Can I file a consumer proposal by myself?

No. Only a licensed insolvency trustee can file your consumer proposal and administer your file afterwards.

Can I keep a credit card as a consumer proposal?

No, you will not be able to keep your credit card as a consumer proposal.

Still haven’t found an answer to your concerns? Your first consultation is free, don’t hesitate.

All our solutions

Do you want to take control of your finances and leave with your head held high?
We are here to accompany you through this ordeal.

Declaration of bankruptcy

Get out of debt
and get back on track financially.

Consumer proposal

Avoid bankruptcy and eliminate
up to 50% of your debts.

Debt consolidation

Get a loan from a financial institution and combine all your debts into one payment.

Voluntary deposit

Also known as the Lacombe Act, voluntary deposit is a provincial legislative provision that allows you to pay your debts in full over a period of time.

Refusal of an insolvent estate

Refusal of succession is the possibility for an heir to refuse the succession, i.e. to accept or refuse to inherit the property of the deceased.

For companies

Commercial bankruptcy is a procedure established by law to allow companies in financial difficulty to restructure and continue their activities.

Nos appels et rencontres sont 100% confidentiels et une consultation n'affecte pas votre cote de crédit.