Consumer Proposal

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Posted on February 01, 2019 at 01:46 AM

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You can Hear Or Save This Videos How Does a Consumer Proposal Compare To Bankruptcy and Debt Settlement?

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Consumer Proposal - Bankruptcy Canada
Here’s a video that explains the consumer proposal process: A consumer proposal is a legally binding deal between you and the people you owe money to. Here’s an example: Fred and Brenda Jones owe $50,000 on credit cards, lines of credit, payday loans, and income taxes. They have jobs, but they don’t make enough to make all of the minimum payments. -
Is a Consumer Proposal the solution for you? Things are much easier now, not only financially, but emotionally. You guys have been Great and we can’t Thank You enough! Our only regret has been that we wish we had not struggled for so long, and that we had come to see you sooner.
You Owe Money — Consumer proposals - Office of the ...
A consumer proposal is a formal, legally binding process that is administered by a Licensed Insolvency Trustee (LIT). In this process, the LIT will work with you to develop a "proposal"—an offer to pay creditors a percentage of what is owed to them, or extend the time you have to pay off the debts, or both.

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