Category: Consumer Proposals

• Consumer Proposals
• Something to Think About

Consumer proposals are legal arrangements between debtors and creditors that change how debts are repaid. Typically, a consumer proposal includes all debts and reduces both the principal amount owed and the monthly payment terms. Consumer proposals carry no interest, and the Licensed Insolvency Trustee’s (LIT’s) fees are not added to the payment terms; instead, they […]

• Insolvency News

In this blog we present some “what-if” type of questions and answers regarding Consumer Proposals.