A formal Consumer Proposal in Yorkton 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 Yorkton 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 professional, lasting solutions involving your debt including insight into the process of making a consumer proposal in Yorkton. Contact us today at BDO to check your eligibility for filing a consumer proposal in Yorkton.

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Make debt more manageable with help from BDO

You don’t have to suffer with insurmountable debt any longer. Talk to your local BDO about the consumer proposal in Yorkton today.

Questions often asked about a consumer proposal in Yorkton

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 Yorkton:

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?

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!