Get peace of mind with a consumer proposal in Markham

We know that the majority of people who owe money want to pay their debts, but simply need more time to do so. Filing a consumer proposal in Markham 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 Markham. Contact our representatives today to see if you are eligible for a consumer proposal in Markham.

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

BDO can help make debt more manageable

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

Consumer Proposal in Markham

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 Markham:

What is a consumer proposal?

The main question asked in regards to a consumer proposal in Markham is what does it contain and what exactly is it? A consumer proposal is a legal process which provides individuals seeking debt help with an opportunity to modify payments to creditors. All payments are adjusted so that the required time to pay is extended over a longer period and the amount required is reduced.

What is the purpose of a consumer proposal?

The primary purpose of a consumer proposal is, while avoiding bankruptcy, arranging a settlement with creditors. Things such as harassing call, garnishees and other aggressive actions from creditors will be stopped once the consumer proposal is filed.

Who can make a consumer proposal?

If you currently have a financial debt between $5,000 and $250,000 then filing a consumer proposal in Markham is the most logical management solution. You should consider filing a formal consumer proposal if you wish to retain your current assets, require relief from accumulating interest or simple need adjusted payment periods at a rate that works for you financially.

Get on the road to financial
stability  with  BDO  today!