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    a partial payment to their creditors but can’t afford to make payments in full, or
    • want to escape the revolving door of high interest b
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    What is a consumer proposal?

    A consumer proposal is a legal process that allows you to negotiate a settlement with your creditors. It is an option that is provided under the Bankruptcy and Insolvency Act, but is not bankruptcy. In fact, it is a very good way to avoid bankruptcy and the significant impact on credit on credit that is associated with filing for bankruptcy.

    Proposals are often a good method to deal with debts by people who:

    • do not want to file for bankruptcy
    • have filed a bankruptcy in the past
    • have sufficient income to make a partial payment to their creditors but can’t afford to make payments in full, or
    • want to escape the revolving door of high interest bu

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    an option that is provided under the Bankruptcy and Insolvency Act, but is not bankruptcy. In fact, it is a very good way to avoid bankruptcy and the significant impact on credit on credit that is associated with filing for bankruptcy.

    Proposals are often a good method to deal with debts by people who:

    • do not want to file for bankruptcy
    • have filed a bankruptcy in the past
    • have sufficient income to make a partial payment to their creditors but can’t afford to make payments in full, or
    • want to escape the revolving door of high interest b

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    d the significant impact on credit on credit that is associated with filing for bankruptcy.

    Proposals are often a good method to deal with debts by people who:

    • do not want to file for bankruptcy
    • have filed a bankruptcy in the past
    • have sufficient income to make a partial payment to their creditors but can’t afford to make payments in full, or
    • want to escape the revolving door of high interest b

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    debts by people who:

    • do not want to file for bankruptcy
    • have filed a bankruptcy in the past
    • have sufficient income to make a partial payment to their creditors but can’t afford to make payments in full, or
    • want to escape the revolving door of high interest b

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    a partial payment to their creditors but can’t afford to make payments in full, or
    • want to escape the revolving door of high interest but are unable to qualify for a consolidation loan.

    What are the advantages to filing a consumer proposal?

    A proposal has a number of advantages that can help to eliminate much of the stress associated with debt. Some of the primary advantages that are associated with the filing of a proposal are as follows:

    • Creditor Protection – from the moment a proposal is filed there is an automatic Stay of Proceedings that comes into place. This will immediately remove the ability of your unsecured creditors to garnishee wages, seize assets, sue you or in any other

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