What Is a Consumer Proposal?
The consumer proposal is a legal solution to debt that allows you to negotiate a reduction in your debts. Afterwards, it is possible to pay this reduced amount over several years. Your payment depends on your monthly budget and not the minimum due on each of your cards.
In other words, a consumer proposal administered by a licensed insolvency trustee reverses the roles. Creditors have 45 days to accept or refuse. Your financial capacity dictates what you will have to pay on a monthly basis. The amount imposed by each of your creditors does not impact your monthly payment amount.
How to Make a Consumer Proposal
When you want to make a consumer proposal, you must absolutely go through a licensed insolvency trustee (bankruptcy trustee). The trustee will negotiate the agreement with your creditors under the Bankruptcy and Insolvency Act. He or she will ensure that the agreement reached respects your ability to pay.
The trustee will reduce the total amount of your debts by 50%, and in some cases, even more. The trustee will also be responsible for collecting your monthly proposal payments and distributing the dividend to your creditors.

How a Trustee Can Help You
When you involve M. Roy & Associés in your file, you gain several benefits. One advantage is that your creditors will no longer have the right to contact you. They must address the trustee in a mandatory manner. We can count on two other important advantages of a consumer proposal.
First, no interest is payable on the reduced amount of debt. Second, the authorized trustee’s fees are included in a consumer proposal monthly payments. As a result, you do not need to allocate an additional amount to compensate the person handling your file. This is a true “all-inclusive” solution to debt.
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The consumer proposal is a complex procedure. Our team will assist you through the entire process.
We establish a clear and structured plan
We take care of the consumer proposal
We help you restore your credit score
Consumer Proposal:
Is It for Me?
In many cases, this option is an interesting alternative to regain control over your finances. Particularly if you have the means to offer a reasonable amount to your creditors or if you own certain assets. That being said, you will be able to keep ALL of your assets within the framework of your consumer proposal. A diverse range of people file for a consumer proposal as a solution to debt with M. Roy & Associés.
Here are the profiles most often seen :
You have a monthly income that allows you to pay off at least some of your debts, in addition to your basic necessities
You have assets that have a higher value than the amount of debt (mortgage on a house, car loan, etc.)
You have already declared bankruptcy in the past and do not want to file for bankruptcy a second time
You want to avoid bankruptcy for reasons other than monetary, such as maintaining a license or professional practice rights
Our team can determine if you are eligible for a consumer proposal and answer your questions about your personal finances. Do not hesitate to call 1-877-352-6661 or complete the online form to get a confidential meeting with our team. The first consultation at M. Roy & Associés is free of charge.
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Questions et réponses sur la proposition de consommateur
Yes. It is possible to have a personal bank account even if you are in a consumer proposal. It is possible even if you have no job or money to deposit into your account.

What Our Customers Say
I am very satisfied with the professional and personalized service I received. They took a huge weight off my shoulders that had been weighing on me for far too long. They worked closely with me, step by step, to ensure that my needs were met, and I’m happy with the results today. Thank you so much!
Nadia coriveauThey are there to help you with your debts. And for companies in financial difficulty
Marie-Joëlle BlouinDo You Want to Avoid Bankruptcy?
For over 75 years, we have been helping individuals and businesses regain control of their finances. Contact us to get out of debt!
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