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A Consumer Proposal is designed to offer individuals an alternative to bankruptcy, granting them the opportunity to find relief from burdensome debt or financial obligations. It enables them to make more manageable payments toward their debt without the constant pursuit of creditors or the distress of collection actions.

Advantages of Consumer Proposal

• Free Confidential Consultation

• Federally Licensed Professionals

• Immediate Legal Protection

• We handle your creditors

• Service tailored to your needs

• Collection Calls and Lawsuits stop

Consumer Proposals Negotiate New Terms

• Avoid Personal Bankruptcy

• Keep your Assets

• Restructure your Payments

• Eliminate your Interest

• Manageable Monthly Payments

• Pay Debts off Sooner

Why should you Choose Consumer Proposals Hub

• Experienced, Knowledgeable

• Reputable, Professional

• Discrete, Confidential

• Friendly, Easy to Talk to

• Serving Canada for many years

• Convenient Meeting Locations

Could a Consumer Proposal be the right choice for you?

Are you grappling with the weight of overwhelming debt and seeking a way to regain control of your financial future?

Consider this: Could a Consumer Proposal be the right choice for you? A Consumer Proposal offers a lifeline to individuals who wish to avoid bankruptcy while alleviating the burden of unmanageable debt. It provides an opportunity to negotiate reduced debt amounts, extend repayment terms, and shield you from creditor harassment and relentless collection efforts.

Choosing a Consumer Proposal can bring much-needed relief and help you take the first steps toward a more secure financial footing. If you've been wrestling with financial hardship, it's worth exploring whether a Consumer Proposal could be the solution to your debt-related challenges.

Consumer Proposal could be the right solution to your debt-related challenges.

A Consumer Proposal is designed to offer individuals an alternative to bankruptcy, granting them the opportunity to find relief from burdensome debt or financial obligations.

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Stop Collection Calls

All collection actions are stopped when you file a Consumer Proposal and judgments, garnishees are suspended pending acceptance of your Proposal by your Creditors

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No Interest Payment

No interest is payable on your debts from the Proposal date forward, and this offers a huge saving

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Save Your Home

You don’t lose your home or any assets you have pledged as security for your loans, as long as you make your payments on those secured debts

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Surrender Your Assets

You can surrender assets you can no longer afford to pay for, including a home or car, and include any balances or shortfalls owed on those assets in your Proposal.

Frequently Asked Questions

Empowering Your Financial Future, One Proposal at a Time

What is a Consumer Proposal?

A Consumer Proposal is a formal debt settlement arrangement regulated by the government of Canada. It allows individuals to negotiate with their creditors to repay a portion of their debt over a set period, usually up to five years, in a more manageable way.

Who is eligible for a Consumer Proposal?

Most unsecured debts, such as credit card debt and personal loans, can be included in a Consumer Proposal. To be eligible, you must have a stable source of income and owe less than $250,000 (excluding your mortgage) as of the date you file.

How does a Consumer Proposal affect my creditors?

When you file a Consumer Proposal, it legally binds all your unsecured creditors. They must stop all collection activities, including calls, letters, and legal actions. Creditors then have the opportunity to vote on whether to accept your proposal.

What are the advantages of a Consumer Proposal?

Some benefits of a Consumer Proposal include lower monthly payments, a fixed repayment schedule, and protection from legal actions by creditors. It also allows you to keep your assets and avoid the stigma of bankruptcy.

Are there any disadvantages to a Consumer Proposal?

While a Consumer Proposal offers several advantages, it will appear on your credit report for three years after you complete it. This can affect your ability to obtain credit during that time.

What Does the Trustee Do?

The insolvency or bankruptcy trustees job is to:

  • Explain your options

  • Give advice and information

  • Complete all documentation

  • Deal with creditor on your behalf

  • Guide and help you through the bankruptcy process

As well, bankrupts are required to complete two financial counselling sessions, directed by the trustee.

How is the amount to be paid in a Consumer Proposal determined?

The amount you offer to pay in your Consumer Proposal is based on your income, expenses, and the value of your assets. It should be an amount that you can reasonably afford.

Can I make changes to my Consumer Proposal once it's accepted?

It is possible to modify your Consumer Proposal under certain circumstances, but any changes must be approved by your creditors and the court.

Will my Consumer Proposal be accepted by creditors?

The acceptance of your Consumer Proposal depends on your creditors' votes. If the majority in dollar value of your creditors approve it, your proposal is considered accepted.

What happens if my Consumer Proposal is not accepted?

If your Consumer Proposal is not accepted, you have the option to revise and resubmit it. Alternatively, you may explore other debt relief options, such as bankruptcy.

How long does a Consumer Proposal stay on my credit report?

A Consumer Proposal will remain on your credit report for three years after you complete it. Afterward, it will be removed from your credit history. It's crucial to consult with a licensed insolvency trustee or financial advisor to determine if a Consumer Proposal is the right solution for your specific financial situation.

Client Voices: Our Success Stories and Testimonials

"At, Consumer Proposals Hub, we don't just help with your financial challenges; we care about your journey toward a debt-free future because your well-being matters to us."

Emily Wexler

When I was drowning in debt and feeling overwhelmed, their team stepped in and guided me through the entire consumer proposal process with professionalism and empathy. From the initial consultation to the final approval, they were with me every step of the way.

John & Mary Klim

We recently used Consumer Proposals Hub to help us navigate our financial difficulties through a consumer proposal. Overall, we had a positive experience with them. Their team was knowledgeable, and they did a great job explaining the entire process to us. They also helped negotiate with our creditors and create a proposal that we could afford.

Alex Gorshkovich

I can't thank Consumer Proposals Hub enough for the incredible support they provided during one of the toughest periods of my life. From the very first meeting, they made me feel at ease and assured me that they could help me find a way out of my debt nightmare.