Consumer Proposal in Mississauga: An Easy Debt Solution

We understand that most people out there are very capable of paying their debts, they simply need more time. Filing a consumer proposal in Mississauga 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). BDO provides quality, professional solutions to help you manage debt and offer advice on the process of filing a consumer proposal in Mississauga. Contact your local BDO to learn more about consumer proposal in Mississauga.

Contact BDO today about filing a consumer proposal in Mississauga

Make debt more manageable with help from BDO

Don’t suffer the stress of financial debt any longer. Contact your local BDO now for more information on filing a consumer proposal in Mississauga.

Regularly asked questions involving a consumer proposal in Mississauga

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 Mississauga:

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 purpose of a Consumer Proposal is to provide the opportunity to make a settlement with creditors 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?

If you currently have a financial debt between $5,000 and $250,000 then filing a consumer proposal in Mississauga 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!