You’ll find helpful information regarding consumer proposals. Topics covered include if a consumer proposal is right for you, and how a consumer proposal can provide debt relief and improve your cash flow.
What Ontario homeowners should know about a consumer proposal mortgage renewal in a high-rate, slow-cut market Yes. In most cases, you can renew your mortgage while in a consumer proposal in Ontario. Your mortgage is secured debt, so it isn't…
What Ontario Professionals Need to Know Before Filing A bankruptcy or consumer proposal in Ontario does not automatically cancel most professional licences. But nearly every regulator requires disclosure, and some have mandatory timelines measured in days, not weeks. Real estate…
Consumer Proposal in Ontario: Residents Should Understand What Happens to Your Vital Assets If you are considering a consumer proposal in Ontario, your biggest concern is likely how to keep your assets safe. And we understand the worry. However, debt…
A clear comparison of debt relief options and the specific role of credit counselling in your financial recovery. Are you lying awake at night wondering what to do about your mounting debt? It’s a common worry in Ontario right now.…
We work with individuals and families every day who are navigating financial stress and looking for real, practical solutions. One of the most significant proposed changes in 2026 is the new threshold for consumer proposals, increasing from $250,000 to $325,000.…
A single income in Ontario reshapes what it means to manage a household. With no secondary money sources, rent, grocery bills, and transportation costs can easily take the place of savings, paying down debt, and keeping a healthy credit score.…
A Consumer Proposal is a valuable debt relief option that allows Canadians to repay unsecured debt—without declaring Bankruptcy. But what happens if, after your Proposal is accepted, you still miss payments? It's a concern that weighs heavily on many people…
More Canadians are filing a Consumer Proposal as a way to manage their debt—without the tough consequences of Bankruptcy. For the 12-month period as of September 30, 2024, total Consumer Proposals filed increased by 16.4%.2 It's becoming a go-to alternative…
Managing debt is a challenge. But it's even more difficult with high interest rates that add to your principal and make it hard to lower your balance. What can you do when so many payments make your debt overwhelming? Consumer…
If you can’t keep up with your debt, you might avoid reaching out for help due to the potential costs. While there are fees associated with a Consumer Proposal, they are all rolled into one affordable monthly payment. The cost…
