A formal Consumer Proposal in Kitchener can provide peace of mind

We know that the majority of people who owe money want to pay their debts, but simply need more time to do so. Fortunately, making a consumer proposal in Kitchener 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 Kitchener to help you avoid filing for bankruptcy. Contact your local BDO to learn more about consumer proposal in Kitchener.

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

BDO can help you manage and control your debt

You don’t have to struggle with overwhelming debt any longer. BDO can help, contact a local representative today about a consumer proposal in Kitchener.

Frequently asked questions about a Consumer Proposal

Understanding everything you can about a consumer proposal in Kitchener 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 Kitchener:

What is a consumer proposal?

The number one question asked is, what exactly is involved in a consumer proposal in Kitchener? A consumer proposal is a legal process which provides individuals seeking debt help with an opportunity to modify payments to creditors. Your payments are adjusted so that the re-payment amount is reduced and the payment period is extended.

What is the purpose of a consumer proposal?

The purpose of a Consumer Proposal is to provide the opportunity to make a settlement with creditors while avoiding bankruptcy. Once contacted, all harassing calls, garnishees and other negative actions will be stopped once the Consumer proposal is filed.

Who can make a consumer proposal?

If your financial debt has reached up to $250,000 dollars of debt, arranging a consumer proposal is the most effective form of debt management for you. You should consider a consumer proposal if you want to retain your assets, are looking for relief from growing interest charges, or want to adjust your payment plan to something that works better for you.

Get on the road to financial
stability  with  BDO  today!