Debt Relief Options
Understanding your options is the first step to freedom. We explain everything clearly so you can make the best decision for your future.
What is a Consumer Proposal?
A Consumer Proposal is a formal, legally binding agreement between you and your creditors to pay back only a percentage of what you owe. It is the #1 alternative to bankruptcy in Canada.
Key Advantage
You can reduce your total debt by up to 80% and stop all interest charges immediately.
Who is it for?
- You owe between $1,000 and $250,000 (excluding mortgage)
- You have a steady income to make monthly payments
- You want to avoid bankruptcy and keep your assets
- You are struggling to keep up with minimum payments
The Process
- 1
Free Assessment
We review your debt and budget to see if a proposal is right for you.
- 2
File Proposal
Your Licensed Insolvency Trustee files the proposal. Interest stops immediately.
- 3
Creditor Vote
Creditors have 45 days to accept. Once accepted, it's legally binding for all.
- 4
One Monthly Payment
You make one affordable payment for a fixed term (max 5 years).
- 5
Debt Free
Once completed, your remaining debt is forgiven.