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Do I Qualify For a Consumer Proposal?

30 January 2024

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How to Qualify for Consumer Proposal

Navigating through financial challenges can be daunting, but understanding your options is the first step towards regaining control. One such option, often overlooked, is a Consumer Proposal.

In this guide we will walk you through the details of consumer proposals, helping you figure out if it’s a viable option for your specific financial situation.

Key Points

Understanding Consumer Proposals

A Consumer Proposal is a debt solution tailored to individual needs, allowing you to manage your debts without the pressure of excessive interest rates or the fear of legal action from creditors. It’s a legally binding process, but simpler than you might think.

Qualification Criteria For a Consumer Proposal

To be eligible for a Consumer Proposal, you need to:

Why Choose a Consumer Proposal?

There are a number of reasons why so many Canadians just like you opt for a consumer proposal. Here are a few of the main benefits:

When To Consider Other Debt Relief Options

While consumer proposals are a viable option for thousands of people and various financial situations, there are times when it might be better to consider other options. This is usually the case if:

The Role of A Licensed Insolvency Trustee

The first step in the consumer proposal journey is to partner with a Licensed Insolvency Trustee, like us at Harris & Partners. Think of us as your allies in this process, offering:

Take The First Step To Financial Freedom

We understand how crushing the weight of debt can feel. But with us, you don’t have to face this alone. If you’re feeling overwhelmed with financial struggles, reach out to one of our Licensed Insolvency Trustees.

We will take the time to sit with you and fully understand your specific financial situation, offering a judgement-free zone to openly share what you’re going through. This no-obligation chat could be your turning point towards a more secure financial future with the right debt relief solution.