Consumer Proposal in Oakville: An Easy Debt Solution

We know that the majority of people want to be debt free, but simply require more time. Filing a consumer proposal in Oakville 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 Oakville. Contact your local BDO to learn more about consumer proposal in Oakville.

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

Frequently asked questions about a Consumer Proposal

Understanding everything you can about the consumer proposal process is the first step you should take when trying to break free of financial debt. When you’re properly informed about filing a consumer proposal in Oakville, you feel stronger about reclaiming your financial future.

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

What is a consumer proposal?

The number one question asked is, what exactly is involved in a consumer proposal in Oakville? 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. 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 Oakville 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.

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