Reduce your debt up to 90%
- Government debt relief program
- Make debt one affordable monthly payment
- Stop wage garnishments
Debt Written Off
Canadians Helped
Success Rate
How Consumer Proposals help Canadians
The government of Canada offers a little-known debt-relief program, called a consumer proposal. Canadian Debt Relief can help reduce your debt by up to 80% through a negotiated settlement with your creditors without interest or penalties.
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Government-Legislated Debt Relief Program
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Creditors cannot seize your assets
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Collection calls will stop immediately.
Got Questions? Get Clear on Debt Solutions
A consumer proposal in Canada is a legal process for people struggling with debt. It allows you to work with a Licensed Insolvency Trustee to negotiate a deal with creditors, repaying only a portion of what they owe. This option is designed for individuals facing financial difficulties and finding it hard to meet their full debt obligations
A consumer proposal does not include secured debts, such as mortgage lenders or car loan providers. Secured debts are tied to specific assets that could be seized by creditors in the event of default. Additionally, certain obligations like alimony, child support, court fines, and some government debts may not be dischargeable through a consumer proposal.
A consumer proposal allows you to repay only a portion of your debt with a single, manageable monthly payment, while also providing legal protection from creditors and stopping interest accumulation. This process not only helps avoid the more severe consequences of bankruptcy but also offers a structured path towards financial recovery, allowing you to retain your assets and potentially recover your credit more quickly.