Consumer proposal payments are designed to be fair and affordable.
Your income, your monthly expenses, and the amount you owe all play a role in setting your payment. The goal is to create one simple amount that fits your budget while offering creditors a reasonable return.
There are no hidden fees, no interest, and no extra charges.
The trustee looks at your take-home income to see what you can afford. You don’t need a high income. You just need enough steady income to support a predictable monthly payment.
Your essential living costs are included when calculating your payment. This covers:
Your payment is never based on unrealistic numbers. It’s based on real life.
The amount you owe helps determine the proposal amount. Higher debt may require a slightly higher monthly payment, but it is still far less than paying the full balance back with interest.
Creditors vote on your proposal. Your trustee will recommend a payment that creditors are likely to accept based on experience and industry guidelines. Most creditors accept because a proposal gives them more than bankruptcy would.
Interest stops the day the proposal is filed. This keeps your monthly payment predictable and ensures your balance never grows.
There are no upfront fees. All trustee fees are covered inside your monthly payment. You never pay extra legal or administrative charges.
If someone owes $30,000 and creditors agree to accept $10,000 over five years, the payment becomes roughly $167 per month. Your exact payment will be different, but the formula is always the same:
what you can afford + what creditors will accept = your monthly payment.
If things improve, you can pay down the proposal early with no penalties. Many people choose this to finish sooner and rebuild their credit faster.
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. Payments vary because everyone has different income, expenses, and debt levels. The goal is always to set a payment you can manage while giving creditors a fair offer.
A. Your payment stays the same unless you decide to adjust it. It does not increase if your income improves.
A. Your trustee negotiates on your behalf. Most proposals are accepted with small or no changes.
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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Holly M.
2 days ago
★★★★★ The payment made perfect sense once they showed how it was calculated. It matched my budget, and I never felt pressured. Everything was clear and fair.
Michael Rhodes
1 week ago
★★★★★ They reviewed all my expenses and came up with a payment I could actually afford. Creditors accepted it right away. I felt relieved for the first time in years.
Simran Patel
2 weeks ago
★★★★★ No surprises and no interest. My trustee explained every part of the calculation. My payment was fair, predictable, and exactly what I needed.
Owen W.
3 weeks ago
★★★★★ I appreciated how they looked at my real expenses. They didn’t guess. They set a payment that fit my life, and it’s stayed the same every month.
Darlene G.
1 month ago
★★★★★ No upfront fees and no hidden charges. My payment was simple and affordable, and I even paid off my proposal early. I’m very grateful for the help.
Rise Above Your Debt!
Call 905-721-7506
