Licensed Insolvency Trustees
Licensed Insolvency Trustees
Consumer proposal
Free yourself from debt and regain peace of mind with a consumer proposal from Mallette Redressement financier. Thanks to our team of experts, you can regain control of your financial situation.
Consumer proposals can be an effective strategy for reducing your debts
A consumer proposal is the best way to reorganize your debts. Since it allows to avoid bankruptcy, you can keep all your assets, including your home, car and furniture. What's more, you'll eliminate incessant calls from creditors.
More specifically, a consumer proposal is a legal alternative that allows you to negotiate interest-free monthly payments over a predetermined period, paying off your debts, or part of them, according to your ability to pay.
Not sure if a consumer proposal is right for you? Don't worry: our experts will assess your financial situation and advise you so that you can make an informed decision in complete confidence.
What we offer
We offer personalised solutions to help you get out of debt. We support you with advice and tools to proactively manage your financial situation. Our experienced team will do everything in their power to help you regain control of your financial life.
Frequently asked questions
What is a consumer proposal?
A consumer proposal is a legal alternative to bankruptcy, allowing you to settle your debts in monthly interest-free instalments over a predetermined period of up to 5 years.
How long does a consumer proposal last?
The duration of a consumer proposal varies according to your financial situation. Our experts will assess your case and provide you with a suitable repayment plan.
What are the consequences of a consumer proposal compared to bankruptcy?
A consumer proposal allows you to keep your assets and avoid the negative consequences of bankruptcy. You can repay your debts according to an established plan, without interest.
Does the consumer proposal affect my credit?
As this is a solution governed by the Bankruptcy and Insolvency Act, there is an impact on your credit file. However, the negative consequences are less than those of bankruptcy, both in terms of credit score and duration.
Meet with an advisor to sort out your debt problems
Are you concerned about your financial situation? Our advisors have several solutions to help you regain peace of mind.
Our qualified team will listen to you and answer all your questions. Call us today!