If you want to avoid bankruptcy and stop struggling with debt and bad credit then there are many advantages of filing a consumer proposal. To know more about it, visit https://www.billfixer.com/proposals/.

1. Advantages
Of Filing a
Consumer
Proposal

2. CONTENT
INTRODUCTION
WHAT IS CONSUMER PROPOSAL?
ADVANTAGES OF FILING A PROPOSAL
CONCLUSION
1.
2.
3.
4.

3. INTRODUCTION
If you want to avoid Bankruptcy and the
struggle with debt and bad credit or have
been declined a bank debt consolidation
loan, then there are many advantages to
filing a consumer proposal

4. What is a Consumer
Proposal?
It's a formal, legal process
It's an offer to creditors to repay
a portion of what you owe
There's no need to declare
Bankruptcy

5. It cannot be more than five years
Administered by a Licensed
Insolvency Trustee

6. Advantages of a
Consumer
Proposal

7. Repayment of Debt
Affordable
1.
In a consumer proposal, you pay only
your creditors a portion of what is
outstanding and your remaining debt is
excluded

8. 2. Majority Of
Creditors Must Accept
Do not need all unsecured
creditors to agree for the
proposal for it to be legally
bound

9. 3. Legal
Protection
From Creditors
Creditors can't take legal action
against you to collect the debt
The existing legal action must stop
After filing consumer proposal

10. 4. The Licensed Insolvency
Trustee handles
communication
The Licensed Insolvency
Trustee would handle all
communication

11. 5. Your Assets Are
Protected
You can keep all of your assets
No investments have to be sold
to pay your creditors
Once you file a consumer proposal

12. 6. Fixed Income
Charges
After your proposal is accepted,
the amount you have to pay
back is fixed even if you get
surplus income

13. Conclusion:
It keeps you from having to
file for Bankruptcy
It is an excellent way to
manage your financial
problems and help you recoup
There are various benefits to filing
a consumer proposal