A consumer proposal gives you real protection and real savings. It stops collections, freezes interest, and replaces overwhelming debt with one affordable payment you can manage.
These advantages help you get control of your finances and start fresh with confidence.
A consumer proposal is one of the most effective ways to get out of debt in Ontario. It’s approved by the government, handled by a Licensed Insolvency Trustee, and designed to give you a stable way forward. Most people choose a proposal because it provides a clear plan, predictable payments, and full legal protection.
Advantages of a ConsumerProposal
One of the biggest advantages is a lower monthly payment. You pay only a portion of what you owe, based on what you can reasonably afford. Your payment stays the same each month and never increases. Many people find this makes life easier and reduces stress.
A consumer proposal freezes all interest the moment it’s filed. This means no more growing balances, no more extra fees, and no more falling behind even when you’re trying to catch up.
Every dollar you pay goes directly toward your proposal — never toward interest.
Once the proposal is filed, you receive strong legal protection called a “stay of proceedings.” This protection forces creditors to stop:
You get peace of mind right away, and your income is fully protected.
A consumer proposal lets you keep your home, car, RRSPs, and personal belongings. Nothing is taken from you.
This is one of the main reasons people choose a proposal over bankruptcy. You stay in control of the things that matter most.
Instead of juggling many bills and due dates, you make one simple payment. This payment fits your budget and stays stable for the full length of the proposal. You always know what you owe and when it’s due.
Many people feel a huge sense of relief from this alone.
A consumer proposal gives you a clean way out of debt without bankruptcy. For many people, avoiding bankruptcy is an important advantage because it helps protect credit, career, and personal stability.
A proposal offers a structured solution while keeping your financial life intact.
You can pay off a consumer proposal early at any time.
There are no penalties or extra fees. If your income improves or you receive a lump sum, you can finish sooner and start rebuilding your credit faster.
Finishing a consumer proposal gives you a fresh start.
Once complete, your credit report updates, and many people begin rebuilding their score quickly. You also receive two financial counselling sessions during the proposal, which provide simple tools to help you manage money confidently going forward.
All unsecured debts, credit cards and unsecured loans can be applied to a consumer proposal, getting you completely debt free in 5 years or less!
This consumer proposal calculator shows an approximate of how much you could save.
If you’re feeling overwhelmed by debt and not sure where to start, the best thing you can do is talk to someone who understands.
Call now and speak directly with me — Kelly Dey — for clear, honest advice that’s tailored to your situation. There’s no pressure and no judgment. We’ll look at your options together and create a plan that helps you breathe again. Getting started is easier than you think, and one simple conversation can put you back in control of your money and your life.
Let’s take that first step today, call 905-721-7506.
A. Yes. A proposal gives you legal protection that private payment plans cannot. Creditors must follow the rules of the proposal, stop collections, and freeze interest.
They have no power to change the agreement once it’s accepted.
A. In many cases yes. A proposal does not include your mortgage, and lenders often renew without issue.
Your trustee can explain how your proposal affects your options so you feel confident before renewing.
A. Yes. If your income goes up or down, you may be able to adjust your payment or pay off the proposal early. The trustee will explain your options and help you choose the best solution.
Insolvency Trustee – Kelly Dey
If you’re feeling weighed down by money or debt issues, give me a call at 905-721-7506 and lets just have conversation.
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Melissa Jordan
2 days ago
★★★★★ I was drowning in bills and didn’t know where to turn. The consumer proposal stopped all the calls and cut my payment to something I could actually afford. I kept my car, kept my paycheque, and finally felt in control again.
Andre Phillips
5 days ago
★★★★★ I owed more than I could ever repay. The proposal froze all interest and reduced my balance by more than half. One simple monthly payment and no more stress. I wish I had done this sooner.
Karen Delaney
1 week ago
★★★★★ I thought I would lose everything, but they explained how a consumer proposal lets you keep your home and belongings. My payment dropped to something manageable and the collections stopped immediately. I finally have peace of mind.
Jason Moretti
3 weeks ago
★★★★★ This was life-changing. My proposal saved me thousands and gave me time to get back on my feet. No more interest, no more juggling bills, and no more pressure from creditors. The whole process was simple and respectful.
Savannah Leduc
1 month ago
★★★★★ I’m so grateful for the help I received. I kept my assets, lowered my payment, and finally feel like I’m rebuilding. The counselling sessions helped too—they gave me confidence to move forward without fear.
Rise Above Your Debt!
Call 905-721-7506
