Our very own Tim Geary, Licensed Insolvency Trustee, explains what a Consumer Proposal is and how this legal process can help individuals in Toronto and Hamilton to become debt-free.
Through a Consumer Proposal, an administrator at Fuller Landau Debt Solutions can help settle your debts with creditors for roughly 30%-40% of what you owe. A Consumer Proposal is not a Bankruptcy claim. You will still be able to keep all of your assets, and once a Consumer Proposal has been accepted, interest is no longer charged.
To learn more about Consumer Proposals in Toronto and the other debt-relief options that may be available to you in Toronto and Hamilton, please call us today.