Do I pay back my full debt during the Consumer Proposal process?
No, you make an offer to pay your creditors a specific amount based on your current financial situation.
This amount varies depending on your income and assets but it can be as low as 30% of your current debts. Once the creditors accept your offer, that this what you are committed to pay and the balance is forgiven once you have met that commitment
What Types Of Debts Can Be Included In A Proposal?
Mr. Wasser, I got my paperwork in the mail yesterday informing me of my discharge, so thank you very much! I wanted to say “Thank You” for everything you have all done for me. I hope you and everybody over there have a great and safe happy holiday.
N V (North York)
Go Back to Main Questions