Reduce Debt by 85%

Tom Locke - Insolvency Trustee in London, Ontario
August 16, 2022

It’s true you could reduce debt by 85% or more – a while back we looked at Consumer Proposals filed through our offices and found that most Consumer Proposals (mode) repaid 15% of the original debt.  Some paid as much as 100 cents on the dollar and average (mean) return for creditors was 26%.

It is rare that Consumer Proposals require a full repayment or even that the repayment values are less than 10% of the face value of debt.  The majority of proposals are in a 20% range, between 10% – 30% of the face value of debt.

Everyone’s situation is different, the only way we can determine how much you would be required to repay is by having an initial consultation.

Book your consultation now to find out what your monthly payment would be under a Consumer Proposal.  Call today 519-646-2222