Wipe out debt with a consumer proposal in Vaughan

You could reduce your debt by up to 80% with a consumer proposal in Vaughan.

  • Reduce your debt
  • Lower your bills
  • Freeze interest
  • Stop collections
  • Protect your assets
Check if you qualify

It only takes 30 seconds and it's free.

Free your finances with a consumer proposal in Vaughan.

Why file a consumer proposal in Vaughan?

Do you have debt problems and are unable to make repayments on time? Filing a consumer proposal in Vaughan, Ontario, can help eliminate up to 80% of your debt.

You consolidate your unsecured debts and pay lower monthly payments through a formal agreement with your creditors.

The benefits of a consumer proposal Vaughan:

  • Write off up to 80% of debts
  • Lower your monthly bills
  • Stop collection action
  • Stop wage garnishments
  • Unfreeze your bank account
  • No interest applied
  • Keep all your assets
  • Avoid filing for bankruptcy.

See if you qualify

To learn more about filing a consumer proposal in Vaughan, contact a local Licensed Insolvency Trustee today for a free consultation.

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How do Vaughan consumer proposals work?

A consumer proposal lets you reduce your debt by up to 80% by repaying your creditors less than you owe, with the remaining balance forgiven. You make a single monthly payment, and at the end of your proposal, you are debt free.

You can eliminate most unsecured debts, like credit cards, personal loans, student loans, overdrafts, payday loans, utility bills and tax debts.

A consumer proposal combines all your bills into one monthly payment.

Once your proposal is accepted, your creditors will no longer be able to garnish your wages or contact you. Your assets are protected, so you will not lose your home, car or investments. Unlike bankruptcy, you can keep your tax refund.

A consumer proposal is a government-approved 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 Vaughan 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
Get started

It only takes 30 seconds.

How much does a consumer proposal cost?

The cost of a consumer proposal depends on your financial situation. Your Licensed Insolvency Trustee will consider the amount you owe, the creditors involved, your income and whether you have any assets.

Try our consumer proposal calculator to find out how much you might pay.

Consumer proposal cost

How long does a consumer proposal last?

A consumer proposal can be spread over five years, but you can choose how long it takes. If you can afford to do so at any point, you can pay off the proposal early without any penalties or interest.

Get debt relief with a consumer proposal Vaughan

If you are seeking debt relief in Vaughan or the North York area, a Licensed Insolvency Trustee can help deal with debt based on your unique circumstances.

This might be through a consumer proposal, or another debt solution like debt consolidation, credit counselling or personal bankruptcy.

Book your free consultation today with an expert Licensed Insolvency Trustee in Vaughan.

Get debt relief

Free consultation with a Licensed Insolvency Trustee by video, phone or in person.

  • Experienced trustees
  • Local offices
  • Personalized plan
  • No fees
Get started

It only takes 30 seconds.

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More about a consumer proposal in Vaughan

  • Can I include my student loan debt?

    You can include your student loan debt if you have been out of school for seven years or more.

  • Does it affect my credit score?

    A consumer proposal lowers your credit score, but if your credit score is already poor, filing a proposal can help you rebuild your credit score at a faster rate than you are currently able to.

  • Can I keep my vehicle?

    You can keep your car. If it is financed, you must continue making payments.

  • Will it affect my mortgage?

    A proposal does not affect your mortgage, and your lender cannot change the terms of your mortgage.

Connect with a trustee

Schedule a free consultation from a Licensed Insolvency Trustee in Vaughan.

Insolvency Trustee

Dedicated Insolvency Trustee

Your Licensed Insolvency Trustee will guide you through your options and answer any questions you may have. Consultations are available by video, phone, or in person.

File a consumer proposal in Vaughan

Local office in Vaughan

Vaughan Licensed Insolvency Trustees offer debt advice and tailored debt relief plans. Appointments are available to suit your schedule.

Become debt free with a consumer proposal

Become debt free

Stop harassment from creditors and end wage garnishments. Freeze interest and reduce debt to a manageable level so you can start living better.

Get debt help

Schedule a free consultation with a Licensed Insolvency Trustee in Vaughan.

  • Experienced trustees
  • Local office
  • Personalized plan
  • No fees

No obligation and completely confidential.

Talk to a trustee