Consumer proposals are one of the financial solutions we offer here at Doyle Salewski Arnprior. Speaking to one of our Licensed Insolvency Trustees can give you an understanding of what a consumer proposal can do to help your personal financial situation. If the amount of money you currently owe is too much for you to pay back in full, you may benefit from signing a consumer proposal. Doing so can give you the opportunity to have reduced payments, based on an agreed upon amount by you and your payees.
A Licensed Insolvency Trustee can sit with you to discuss your individual situation in order to provide you with a personalized plan. They will look at your current budgetary requirements to establish what the lowered rate can be, and present the proposal. Your trustee is responsible for mediating the agreement between both parties, so the terms are laid out clearly to be understood and accepted by all who are involved.
In order to proceed with the process of a consumer proposal, you must be prepared to:
There are also government mandated regulations set before proceeding with a consumer proposal. These include:
Should you have more than $250,000 to pay back that is not connected to your mortgage payments, speak to one of our Licensed Insolvency Trustees about whether a Division I proposal is best for you.
If you are able to commit to each of the above, you can understand the basics of what is needed, and should speak to a trustee at Doyle Salewski Arnprior to find how a consumer proposal can help you. Doing so will help you know the timeline that you can expect for your payments to be complete, as well as the new amount you should expect to owe.
Those who are currently employed do not need to worry that their source of income being affected by a consumer proposal. This means that if you see an increase in your income after the proposal has been agreed to, you will not be expected to increase your monthly payment amount. Anyone who can still afford to make some sort of payments should consider a consumer proposal, as you will be able to budget yourself while working on becoming financially stable.
Our Arnprior office is located at 106 McGonigal Street West, right in the Towne Centre building on the corner of High Street North and McGonigal Street West. You can also call us toll free at 1-800-517-9926, email us at firstname.lastname@example.org, or clickhere to book a consultation online. Our consumer proposal services for the Arnprior community are an excellent alternative to bankruptcy if you qualify for the option.
At Doyle Salewski, our Licensed Insolvency Trustees are all fully experienced in providing financial management advice such as credit counselling, bankruptcy, consumer proposals, budgeting, debt settlement, and debt consolidation. Our directors are qualified CAIRP estate administrators and counsellors. CAIRP accreditation is available exclusively to estate administrators working within member firms.