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Hamilton (905) 561-2992

Toronto Consumer Proposal

Bankruptcy, although sometimes necessary, is a last option for most people. While the majority of Bankruptcy-related losses and restrictions will fall on your shoulders, lenders and financial institutions would often prefer for you to settle your debt by paying a reduced amount, on a schedule that you can manage.

A Toronto Consumer Proposal can help you avoid Bankruptcy, enabling you to work out a formal agreement with your creditors to repay a reasonable portion of your debt, and be relieved of the rest. This is a much more favourable option compared to Bankruptcy for both parties: You can retain your assets and avoid damaging your credit, while the creditors are paid at least some of what they are owed.

On top of providing a manageable solution to your debt situation, a Consumer Proposal applies to all your creditors, so you will stop receiving harassing calls, and wage garnishment will end.

What Is A Consumer Proposal?

A Toronto Consumer Proposal is a legally binding process by which a Licensed Insolvency Trustee (LIT) at Fuller Landau develops an offer for your creditors to revise the terms of your debts, including negotiating a more affordable outstanding amount, payment schedule, and/or interest rate.

A Consumer Proposal is a process where you make an offer through a Proposal Administrator at Fuller Landau to your creditors to settle your debts for what is usually a fraction of your total debt.

The Consumer Proposal, once accepted by the creditors, is binding on all creditors. You are protected by creditor actions, and there is no more interest added.

Step-By-Step Consumer Proposal Service

For everything you need to know about what Consumer Proposal service is, check out the following resources:

Want to learn more about Fuller Landau’s Consumer Proposal services – what it is and how it can help you? Schedule a free consultation today at our Toronto and Hamilton offices to discuss your personal situation and get a fresh start.

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Consumer Proposal vs Bankruptcy

Can You Relate?

When it comes to debt, particularly high-interest debt from credit cards, a few missed payments can often become a slippery slope towards out-of-control debt.

Minimum payments barely cover the interest. If those minimum payments are missed, or if you need to go further into debt to pay them, it’s time to get help.

Nobody likes dealing with constant harassing phone calls or late payment notices. if you can’t afford to pay off all your debts, they won’t stop until you take action.

Often, wage garnishments from a creditor just compound the problem, and make it even more difficult to pay off your other debts.

Get A Fresh Start


It’s time to take back control of your life.
Call us today at (416) 927-7200 or fill the in the form below and book your free consultation.