Repay a percentage of your total debts through a manageable monthly payment.
A consumer proposal is a legally binding agreement between you and your creditors that allows you to pay a portion of your debts, often as little as 30%, through a single, manageable, monthly payment.
A consumer proposal can only be filed with a federally regulated Licensed Insolvency Trustee, like A. Fisher & Associates, and could reduce your total debts by as much as 70%.
An alternative to bankruptcy, a consumer proposal allows you to keep all your assets, including your home and vehicles. It also stops harassing phone calls, wage garnishments, and lawsuits from creditors, and once it is completed, you will be debt free.
You can eliminate most unsecured debts in a consumer proposal.
Typical unsecured debts that can be included in a consumer proposal are:
A consumer proposal allows you to consolidate your debts into a single payment each month. The amount you pay will be based on what you can afford.
Consumer proposals protect you from creditors – they can’t call you, collect the debt, garnish your wages, or even begin legal action against you.
Entering a consumer proposal freezes any interest and charges on your debts, making them easier to repay.
A consumer proposal offers you debt relief and a pathway to a debt-free life without having to file for bankruptcy and lose valuable assets like your home or car.
As long as you make your affordable monthly payments, your creditors will agree to write off up to 70% of your debts at the end of your arrangement.
Once your consumer proposal is completed, all of the unsecured debts included in the arrangement will be eliminated, allowing you to make a fresh start.
A consumer proposal could be the best solution to your financial situation if:
Living with debt can be a stressful and isolating experience. However, the most important thing to remember is that you’re not alone.
Our expert debt solution advisors are on hand to help you find the best solution to your financial problems.
Please note: We are not currently onboarding new clients.
This contact form is intended for existing clients only.
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A. Fisher & Associates
Licensed Insolvency Trustees in North York
Debt options
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