Jun252023
Unfortunately, there is no consumer proposal payment calculator for Ontario or Canada. The cost of a consumer proposal varies in each case, depending on income, assets and debts. However, consumer proposal payments typically come to about 30-40% on the dollar. The logical follow-up question is: How are consumer proposal payments calculated in Canada? This blog […]
Mar212018
A consumer proposal is a legal arrangement between a person (referred to as a consumer debtor or simply a debtor) and their creditors in which the debtor pays back (often) only a portion of the amount that is owed to their creditors over an extended period of time (up to 60 months). A consumer proposal […]
Jan312018
Ask most people about bankruptcy and you will hear a mixture of facts and common misconceptions. Conversely, if you ask about consumer proposals, you might find that many people have never heard of this popular alternative to bankruptcy. Despite this fact, you might be surprised to know that more consumer proposals are filed than bankruptcies […]
