GET OUT OF DEBT WITH A CONSUMER PROPOSAL!

Do you need debt relief? If you’re working or have a steady income, a consumer proposal may be a better alternative than bankruptcy. A consumer proposal protects your assets and settles your debt to unsecured creditors.

 

A consumer proposal stops interest from building up on your debt, stops collection calls, and  stops wage garnishments. In a consumer proposal, you pay back a smaller, reduced portion of your total debt with one monthly payment over a period of five years or less. It can be paid off at anytime.

WHAT IS A CONSUMER PROPOSAL?

A consumer proposal is an alternative to bankruptcy made for people who can’t afford to pay back unsecured creditors. Working with a Licensed Insolvency Trustee, you can reach a new agreement with your creditors to pay back a reduced amount. Your monthly debt payments are based on your income and what you can afford to pay. A consumer proposal is a fair solution for everyone involved.

 

What kind of debts are covered by a consumer proposal?

 

All of your unsecured debts are covered by a consumer proposal. That means credit card debt, unpaid utility bills, payday loans, and even money owed to the Canada Revenue Agency. A consumer proposal is for debts under $250,000 (not including your mortgage). If you owe more than $250,000 you may be eligible for a Division 1 Proposal. Talk to a Licensed Insolvency Trustee about getting out of debt with a consumer proposal.

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We Can Help

If your debt problems seem insurmountable – we can help. At David Sklar & Associates, our Licensed Debt ProfessionalsTM have the experience and knowledge to help you get out of debt. During your consultation, we will help you understand what your current financial situation is, how best to fix it, and how to move on to a better life. With six offices in the Greater Toronto Area – we are here to help.

Call Us Today For a Confidential & Free Initial Consultation Call 416-498-9200