Many people with financial or insolvency issues consider a consumer proposal because;
- your debt(s) are dramatically reduced, up to 70%
- you avoid filing for bankruptcy
- you do not lose any of your assets
- no initial cost to you
When you file a consumer proposal your debt is reduced to one loan, payable over 5 years will a dramatically lessor amount. There is no cost to you to file the consumer proposal and many people avoid filing for bankruptcy with a consumer proposal.