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Who Talks to My Creditors?

The main reason most people consider filing a consumer proposal is that they want to stop the companies they owe money to (their creditors) from calling. Unfortunately many “debt consultants” take your...

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Negotiating A Successful Consumer Proposal

For a consumer proposal to be successful it must be acceptable to several parties. First you must be assured that you will be able to afford your monthly payments and that this is the best solution to...

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Joint Consumer Proposals – When It’s A Good Idea

Most consumer proposals are filed by one person, but it is possible to file a joint consumer proposal. We will start with the assumption that you are eligible to file a consumer proposal and that this...

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25 Things You Must Know About Consumer Proposals

I’m finding that I meet with more people every day who have heard of consumer proposals, and are interested in them as an alternative to bankruptcy, but it seems many are not completely sure about what...

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Will There Be a Meeting of Creditors During My Proposal?

When talking with clients, I often get asked, “Do I have to meet with my creditors?”; coupled with a look of stress or fear. Let me explain the basics and then provide you with some practical, real...

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My Consumer Proposal Was Annulled: Now What?

  Here’s the bad news: if your consumer proposal is annulled, you’ve lost any protection from your creditors.  Their rights are re-instated and they can pursue you for your debts again. Here’s the good...

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Consumer Proposal Vs. Division I Proposal To Creditors

What is a consumer proposal? A proposal to creditors is a deal you negotiate with the people you owe money to in order to repay a portion (or perhaps all) of what you owe.  If you like legal terms, a...

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Filing A Lump Sum Consumer Proposal Can Be A Good Option

Consumer proposals can be offered in many ways.  The conventional way is to offer payments over a period of time, up to five years.  However, there’s little to restrict a bit of creativity in a...

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Do Banks Like Consumer Proposals?

To understand how creditors, like your bank, view a consumer proposal, it’s important to understand exactly what a consumer proposal is and how it affects the money you owe them. Here’s the quick...

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What Happens If My Creditors Reject My Consumer Proposal?

Consumer proposals are rarely rejected, however, if your creditors do reject your consumer proposal, all hope is not lost. When you file a consumer proposal, your creditors have 45 days to vote on...

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Consumer Proposal Annulment A Law, Not A Policy

A consumer proposal is a legally binding agreement between you and your creditors to settle your debt. Typically, the payments are scheduled as a monthly payment over a certain period of months. But...

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Five Tips For Negotiating With Creditors

Credit is when someone loans you money with the expectation that you’ll pay it back, and with interest. That’s an agreement that you make with your creditor when you sign up. The end goal for a...

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Are All My Debts Included In A Consumer Proposal?

When you file a consumer proposal in Canada, you should always meet with a Licensed Insolvency Trustee (LIT). LIT’s are licensed by the federal government to act as administrators of consumer...

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25 Things You Must Know About Consumer Proposals

I’m finding that I meet with more people every day who have heard of consumer proposals, and are interested in them as an alternative to bankruptcy, but it seems many are not completely sure about what...

View Article

Image may be NSFW.
Clik here to view.

Will There Be a Meeting of Creditors During My Proposal?

When talking with clients, I often get asked, “Do I have to meet with my creditors?”; coupled with a look of stress or fear. Let me explain the basics and then provide you with some practical, real...

View Article


Image may be NSFW.
Clik here to view.

My Consumer Proposal Was Annulled: Now What?

  Here’s the bad news: if your consumer proposal is annulled, you’ve lost any protection from your creditors.  Their rights are re-instated and they can pursue you for your debts again. Here’s the good...

View Article

Image may be NSFW.
Clik here to view.

Consumer Proposal Vs. Division I Proposal To Creditors

What is a consumer proposal? A proposal to creditors is a deal you negotiate with the people you owe money to in order to repay a portion (or perhaps all) of what you owe.  If you like legal terms, a...

View Article


Image may be NSFW.
Clik here to view.

Filing A Lump Sum Consumer Proposal Can Be A Good Option

Consumer proposals can be offered in many ways.  The conventional way is to offer payments over a period of time, up to five years.  However, there’s little to restrict a bit of creativity in a...

View Article

Image may be NSFW.
Clik here to view.

Do Banks Like Consumer Proposals?

To understand how creditors, like your bank, view a consumer proposal, it’s important to understand exactly what a consumer proposal is and how it affects the money you owe them. Here’s the quick...

View Article

Image may be NSFW.
Clik here to view.

What Happens If My Creditors Reject My Consumer Proposal?

Consumer proposals are rarely rejected, however, if your creditors do reject your consumer proposal, all hope is not lost. When you file a consumer proposal, your creditors have 45 days to vote on...

View Article
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