A formal Consumer Proposal in Medicine Hat can provide peace of mind

We understand that most people out there are very capable of paying their debts, they simply need more time. Filing a consumer proposal in Medicine Hat can provide you with that extra time you need to make payments while protecting the things that matter most to you, such as your assets (home, car or RRSPs). We at BDO can provide you with professional, lasting solutions involving your debt including insight into the process of making a consumer proposal in Medicine Hat. Contact our representatives today to see if you are eligible for a consumer proposal in Medicine Hat.

Book an appointment or call to learn more about a consumer proposal in Medicine Hat from BDO.

Make debt more manageable with help from BDO

Don’t put up with the struggle of being in debt anymore. Contact a local BDO today about how you can file a consumer proposal in Medicine Hat.

Top questions about filing a consumer proposal in Medicine Hat

If you have decided on using a consumer proposal as a way to break free of financial debt, it’s imperative that you have as much insight as possible into the process. When you are kept well informed, you have a greater understanding of how the process will benefit you in the long run and provide you with financial clarity.

Here are three of our frequently asked questions involving a consumer proposal in Medicine Hat:

What is a consumer proposal?

Of course the most frequently asked question is about what exactly a consumer proposal is. A consumer proposal is a legal process which provides individuals seeking debt help with an opportunity to modify payments to creditors. Payments are modified by extending the payment period or reducing the amount to be paid, usually over a period of time.

What is the purpose of a consumer proposal?

The main purpose of a Consumer Proposal is to provide an opportunity to readjust your payment options while avoiding bankruptcy. Harassing calls, garnishees, and other actions by creditors will be stopped once the Consumer Proposal is filed.

Who can make a consumer proposal?

A consumer proposal is a debt management solution that works well for people who have accumulated up to $250,000 of debt. You should consider a consumer proposal if you want to retain your assets, desire relief from accumulating interest, or want to repay your debts with an adjusted payment time frame.

Get on the road to financial
stability  with  BDO  today!