Consumer Proposal

Your creditors may be willing to accept a proposal that helps decrease your financial burden and helps you avoid bankruptcy

Devletian & Associates can file a formal offer on your behalf to your creditors that, if accepted, can reduce your debt payments without the need for a bankruptcy filing.

How a consumer proposal works

A consumer proposal is a formal offer to your creditors filed with the Office of the Superintendent of Bankruptcy with the help of a licensed trustee. The objective is to reduce your debt load and at the same time give creditors more money than they would receive should you file for bankruptcy. If your proposal is accepted, the trustee then collects from you one monthly payment to distribute to your creditors on your behalf.

A consumer proposal is a debt restructuring option for insolvent individuals with less than $250,000 in outstanding debts. It is a legally binding process that gives a person the following advantages:

  • Reduce the amount of debt that they owe to creditors
  • One monthly payment
  • Harassment by collection agencies cease
  • Interest charges cease to accumulate
  • Protection from seizure
  • Get more time to pay off their debts
  • A combination of the above advantages

We prepare and file the consumer proposal for you

Filing a consumer proposal is a serious legal matter and like all formal debt restructuring strategies there are legal and financial implications that you need to be aware of.

Devletian & Associates has years of experience navigating debt restructuring filings. We can help you determine if you are eligible and guide you through the process if it is your chosen strategy.

It's easy to get started

  • Get a free

  • We advise you on your options

  • Take your first step to financial recovery

I was getting so depressed with the burden of my credit card debt. I could no longer answer my phone for fear of harassing calls from creditors . Now I have a real solution to my debt issues. It feels like I got a new lease on life"

- Anonymous

Need more information?

  • Stop Harassing Calls

  • Get Your Life Back

  • Protect Your Assets