Why file a consumer proposal in Oshawa?
If you are heavily in debt and have trouble making your payments on time, a consumer proposal in Oshawa, Ontario, can help you by wiping out up to 80% of your debt.
It’s a legal agreement between you and your creditors where you consolidate your unsecured debts and pay reduced monthly payments with zero interest.
The benefits of a consumer proposal:
- Write off up to 80% of debts
- Lower your monthly bills
- Stop collection calls
- Stop wage garnishments
- Unfreeze your bank account
- Freeze interest
- Keep your assets
- Avoid filing for bankruptcy.
If you are interested in filing a consumer proposal in Oshawa, contact an experienced Licensed Insolvency Trustee today for a free consultation.
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How do Oshawa consumer proposals work?
A consumer proposal lets you resolve financial problems legally by repaying your creditors less than you owe, with the remaining balance forgiven. Typically, you can reduce your debt by up to 80%.
Think of it as a form of debt consolidation with no interest rate. You make a single monthly payment, and at the end of your proposal, you are debt free.
You can include most unsecured debts, like credit cards, loan debt, student loans, overdrafts, payday loans, utility bills and tax debts.
Once approved, legal action and wage garnishments stop, and you will no longer receive harassing creditor calls.
Your assets are protected in a consumer proposal because the offer is always higher than the value of your assets. You will not lose your home, car or investments.
A consumer proposal is a government debt relief solution that must be administered by a Licensed Insolvency Trustee (also called a bankruptcy trustee), who acts as your consumer proposal administrator and liaises with creditors on your behalf.
All trustees are licensed and regulated by the Office of the Superintendent of Bankruptcy Canada.
Contact an experienced Licensed Insolvency Trustee in Oshawa to get started. Your consultation is free.
Get debt relief
Free consultation with a Licensed Insolvency Trustee by video, phone or in person.
- Experienced trustees
- Local offices
- Personalized plan
- No fees
It only takes 30 seconds.
How much does a consumer proposal cost?
With a consumer proposal, you pay what you can afford based on your financial situation.
The fees for a Licensed Insolvency Trustee are included in the proposal, so there is no extra cost to you. You can pay off a consumer proposal early without any penalties or interest.
Try our consumer proposal calculator to find out how much you might pay.
Oshawa debt relief
Every year, we help Oshawans find debt relief with a consumer proposal using our network of Licensed Insolvency Trustees. They can help you choose the best debt solution for you, such as:
Book your free consultation today with an expert Licensed Insolvency Trustee in Oshawa.
Get debt relief
Free consultation with a Licensed Insolvency Trustee by video, phone or in person.
- Experienced trustees
- Local offices
- Personalized plan
- No fees
It only takes 30 seconds.
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