Category Archives: Consumer Proposals

Andre (not his real name) is a 34-year old native of St. Catharines Ontario. He earns a modest salary as a service representative in the call centre for a local company. Andrea lives in an inexpensive apartment in the west end and owns an old Toyota Camry, which he uses… Read more

If you are dealing with tax problems, one way to deal with Canada Revenue Agency (CRA) is with a consumer proposal filed through a Licensed Insolvency Trustee. CRA will not accept a negotiated settlement arranged directly between a taxpayer and Canada Revenue Agency for less than the full tax balance… Read more

A consumer proposal is a legal arrangement you make with your creditors to repay a portion of what you owe under the Bankruptcy and Insolvency Act. Filed by a licensed insolvency trustee, sometimes called a consumer proposal administrator, it consolidates all your unsecured debts into one affordable monthly payment. Debt… Read more

Guest commentary by Joel Sandwith, Client Service Specialist, London, Ontario Hope is a word I hear a lot in our office here in London, Ontario. I’ve been working in credit counselling, and now in consumer proposals and personal bankruptcies for almost ten years, and have met with 5,000 or more… Read more

Guest commentary provided by Danielle Ratford, Client Service Specialist, Cambridge, Ontario Jack (not his real name), went through a separation, and the bank foreclosed on his home.  When they sold it, they went after Jack for a $70,000 shortfall, which was impossible for him to pay. Jack didn’t want to… Read more

Guest commentary by Billy Martell, Bankruptcy Trustee and Consumer Proposal Administrator, Hamilton, Ontario Embarrassment is a common feeling a lot of people experience when talking about or dealing with their debt. Of course the first step in dealing with this feeling is to make the decision to talk to a… Read more

Guest Commentary by Douglas Hoyes, BA, CA, CBV, CIRP, Trustee in Bankruptcy, Consumer Proposal Administrator Over the years I have met with thousands of people, and in almost all cases they want to deal with their debts, but they don’t know where to start. “Joe” is a typical case; things… Read more

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