Consumer Proposal Canada

Main Benefits of a Consumer Proposal

Stops all collection calls
Stops all garnishments of your pay
Stops all future interest charges
Stops legal actions taken by your creditors
Avoid filing for bankruptcy
Protect your assets
Pay back only a fraction of the total amount you owe
It is a legally binding agreement. No false promises.
One affordable monthly payment covers all fees and payment to your creditors
Proposal payments can be up to a 5-year term. This helps to keep your monthly amount to a reasonable affordable amount
A better credit rating than a bankruptcy (an R7 vs. an R9 in a bankruptcy) and
Gives you a Fresh Start. This could be the solution to get yourself out of your debt problems and rebuild your life.

Income or financial assistance (from family or friends) is required to fund the monthly proposal payments
Creditors vote if they want to accept or reject your proposal
Not all debts are discharged (erased) and
Results in an R7 credit rating and stays on your records for 3 years after your last payment.

With Chande, you can book a free consultation at one of our locations across the Greater Toronto Area, Hamilton and Southern Ontario.

Finding an office that’s closest to you is as easy as clicking the link below.