A formal Consumer Proposal in Kenora can provide peace of mind

We know that time is a major factor when it comes to paying off your debts and that with more time, you could. Fortunately, making a consumer proposal in Kenora gives you the time and terms you need to pay your debts, protect your assets and avoid bankruptcy. We at BDO can provide you with quality insight and debt management solutions involving a consumer proposal in Kenora to help you avoid filing for bankruptcy. Contact us today at BDO to check your eligibility for filing a consumer proposal in Kenora.

Call BDO today for information on filing a consumer proposal in Kenora

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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 Kenora.

Frequently asked questions about a Consumer Proposal

Understanding everything you can about a consumer proposal in Kenora is vital if you are considering one in an effort to break free from financial debt. Being informed about the process will help make you confident that you’re making the right decision.

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

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 good debt solution if you are someone who is carrying debt between $5,000 to $250,000. Additionally, you should consider a consumer proposal if you want to retain your assets (house, RRSP), want relief from accumulating interest, or want to repay your debts but just need a more reasonable re-payment plan.

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