Monthly Archives: October 2011

Guest Commentary by Howard Hayes, Consumer Proposal Administrator I met with Fred (not his real name) in my Cambridge, Ontario consumer proposal and bankruptcy office, and Fred was worried.  He had debts, but couldn’t refinance his house because real estate values weren’t going up.  The recession had taken it’s toll… Read more

Guest Commentary by Billy Martell, Trustee When people arrive at my St. Catharines, Ontario, bankruptcy and consumer proposal office, they are feeling low.  They are getting collection calls, and they are worried.  When I explain how a consumer proposal can help, they instantly feel better.  Here are the top three… Read more

Guest Commentary by Brian McIlmoyle B.Sc., Client Service Specialist, Mississauga, Ontario In my experience, many people choose the consumer proposal option to deal with their debts because they don’t want to go bankrupt.  Here are other top consumer proposal advantages, based on my experience in Mississauga, Ontario: You pay back… Read more

Guest Commentary by Ian Martin, CA, Consumer Proposal Administrator, Kitchener, Ontario. I recently met with a couple who wanted to know why a consumer proposal was a good option for them to deal with their debts.  You can read more about them in my article on what is a consumer… Read more

This week we have discussed the advantages of a consumer proposal.  Today we present a real life example, courtesy of Scott Schaefer, CA, Bankruptcy Trustee and Consumer Proposal Administrator in Kitchener, Ontario.  You can read the full story in his article on What is a Consumer Proposal? for more information…. Read more

Guest Commentary by Wendy Young, Consumer Proposal Administrator, Hamilton, Ontario. I meet with many people each day in our Hamilton consumer proposal and bankruptcy office, and they want to avoid bankruptcy, but they aren’t sure why a consumer proposal is often a better alternative.  Here are some of the advantages I… Read more

Guest commentary by Rebecca Martyn, bankruptcy trustee, consumer proposal administrator, and Angela Marquis, Windsor, Ontario. If your debts are overwhelming, how can you decide between filing a bankruptcy or a consumer proposal? Here are some factors to consider: You might choose to file personal bankruptcy in Canada if: You have… Read more

A consumer proposal is a deal you make with your creditors to pay a portion of your debts. It is a great debt relief option if you cannot afford to pay your debts in full but would like to avoid bankruptcy. The payment terms are based on a monthly payment… Read more

When you have debts, a consumer proposal is often a viable solution.  This month we will explore consumer proposals, and their advantages an disadvantages. A consumer proposal is a negotiated settlement that becomes legally binding on your creditors.  You can use our debt options calculator to evaluate your different debt… Read more