Many people facing financial problems increasingly use this solution. A consumer proposal entails the suspension of all proceedings against you by creditors, the establishment of an offer to settle based on your ability to pay, and lets you keep your assets and be discharged from your debts at the end of the procedure.
The consumer proposal is possible in the following circumstances:

• The debtor owns a sufficient amount of goods;
• The debtor has surplus income;
• The debtor's personal and family situation make it possible;

The consumer proposal requires the analysis of the following elements:

• The number and type of creditors;
• The likelihood that the creditors will agree to the proposal;
• The sum paid back in this scenario versus a bankruptcy scenario.

To learn more on this solution or to find out if it’s right for you, contact us so we can set up an appointment.