The cost of a consumer proposal in Ontario is based on your budget, your debt level, and what your creditors are willing to accept.
There are no surprise fees, no interest charges, and no payment required to file. Everything is included in one simple monthly payment, which makes the proposal one of the easiest and most predictable ways to deal with debt.
A consumer proposal does not require any payment to start. You do not pay legal fees or trustee fees before filing. Everything is included in your monthly payment, which only begins after the proposal is officially submitted.
Your monthly payment is based on what you can reasonably afford. The trustee reviews your income, bills, and living expenses and recommends a fair amount. This payment stays the same from start to finish, which makes budgeting easier.
Once the proposal is filed, all interest stops. Your debt balance no longer grows, and every dollar you pay goes toward your proposal. This is one of the biggest reasons the cost is lower than other options.
Most people repay only a portion of their debt — often much less than the original amount. For example, someone who owes $40,000 might pay $12,000, broken into small monthly payments over several years. The exact amount varies, but the savings are usually significant.
Your payment depends on:
It does not depend on your credit score, and you never pay interest.
Licensed Insolvency Trustee fees are regulated by the federal government. You do not pay them separately. They are built into your monthly payment and taken from the amount you already pay into your proposal.
If you choose to pay off your consumer proposal early, you can do so at any time. There are no extra fees or penalties. Many people choose this option to finish sooner and rebuild credit faster.
Compared to consolidation loans, credit counselling programs, or trying to manage debt alone, a consumer proposal usually results in the lowest total repayment. The combination of frozen interest, reduced balances, and one predictable payment makes it one of the most cost-effective solutions available in Ontario.
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. It’s worth it if your debt feels unmanageable and a single affordable payment would reduce stress. If you want legal protection, lower payments, and a way to avoid bankruptcy, a proposal is often the most practical choice. A trustee can quickly tell you if it fits your needs.
A. For many people, yes. The credit impact is temporary, and most begin rebuilding before the proposal ends. The long-term benefit of stopping collections and reducing debt often outweighs the short-term credit hit.
A. A consolidation loan still charges interest and may require a strong credit score.
A consumer proposal freezes interest, lowers the balance, and gives you legal protection. For people who can’t qualify for a loan or need deeper relief, the proposal is usually the better value.
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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Marissa K.
3 days ago
★★★★★ I kept asking myself if a consumer proposal was really worth it. After filing, the calls stopped, my payment dropped, and I finally felt calm again. It was the best decision I’ve made in years.
David Nguyen
1 week ago
★★★★★ I wasn’t sure about the credit impact, but the savings made it worth it. My proposal cut my balance and froze the interest. One affordable payment changed everything for me.
Alicia Romero
2 weeks ago
★★★★★ I wondered if a proposal was really a good option. It absolutely was. I kept my car, avoided bankruptcy, and reduced my stress in a way I didn’t think was possible.
Shawn Elliott
3 weeks ago
★★★★★ At first I worried about being in the proposal for a few years, but it ended up being worth it. My payment stayed the same, and I started rebuilding my credit right away.
Rachel F.
1 month ago
★★★★★ The proposal was 100% worth it for me. I saved money, stopped the collections, and got my life back on track. The process was simple, respectful, and gave me real peace of mind.
Rise Above Your Debt!
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