2010-01-27
The next step in order to file a consumer proposal would be for one of our counsellors to gather some information from you and explain how a proposal would work in your specific instance. If you have the information that you gave to the credit counselling agency, that would likely be all of the same information we would need. Who are your creditors and roughly how much do you owe them? What kinds of assets do you own? What does your current budget look like? Based on this...we can calculate what your payment would be in a proposal and how long we think it would be for. (You can use a maximum of 5 years in a consumer proposal). We would also calculate how a bankruptcy would work in your situation. I know this isn't the option you're taking..... but we show you how much your creditors would get in a bankruptcy. And compare that to how much would be a reasonable offer to make in a proposal. If you like, contact me directly. Or locate one of our counsellors or Trustees in your area. They can be found on our website at Click here Donna Carson, CGA, CIRP, Trustee 1.877.500.0792 [email protected]
2026-07-13
MNP Consumer Debt Index
Atlantic Canadians (68%) are more likely than those in other provinces to say at least half of their income is already committed to bills, debt payments, and regular expenses before it arrives.
2026-07-13
MNP Consumer Debt Index
According to the latest MNP Consumer Debt Index, three in five Canadians (61%) say at least half of their income is already committed to bills, debt payments, and regular expenses before it arrives.
2026-07-13
MNP Consumer Debt Index
According to the latest MNP Consumer Debt Index, nearly three in five British Columbians (58%) say at least half of their income is already committed to bills, debt payments, and regular expenses before it arrives.
