Consumer proposals are the most popular debt relief option for people in Scarborough because, the proposal gets you out of debt without upfront costs to you.

Consumer proposals let you reduce debt by 70%, stop garnishments, stop interest payments, and keep all assets.

Scarborough residents choose consumer proposals because they:

• Cut total debt by up to 70%
• Stop all interest, collections, lawsuits, and wage garnishments
• Consolidate every debt into one affordable monthly payment
• Let you keep your home, car, and RRSPs
• Provide predictable payments for 3–5 years with no surprises

With rising living costs, credit card balances, and tax debt, many people in Scarborough use consumer proposals as a safe, trusted way to regain control. Administered by our Licensed Insolvency Trustees, the process is regulated, transparent, and designed to give you a fresh financial start.

A consumer proposal gives Scarborough residents a safe, affordable way to settle unsecured debt for a fraction of what they owe. It’s a government-approved program that immediately stops interest, collection calls, lawsuits, and wage garnishments the moment it’s filed.

• Here’s how a consumer proposal works in Scarborough:
• You meet with our Trustee to review your debts, income, and budget
• We design a proposal based on what you can reasonably afford each month
• Your creditors vote, and once accepted, the proposal becomes legally binding
• You make one predictable monthly payment, interest-free, for 3 to 5 years
• Any remaining debt is erased when the proposal is completed

Most Toronto consumer proposals are accepted because creditors would rather receive a portion of the debt than continue collections.

The process is simple, stress-free, and designed to give you immediate relief while protecting your assets, your income, and your financial future.

A consumer proposal is one of the most effective debt relief solutions for people living in Scarborough because it lets you reduce your debt, protect your assets, and stop all interest immediately.

Scarborough residents choose consumer proposals because they:

• Reduce debt by up to 70% and freeze all interest
• Stop collection calls, lawsuits, and wage garnishments overnight
• Allow you to keep your home, vehicle, and RRSPs
• Combine all debts into one low, affordable monthly payment
• Provide a predictable 3–5 year repayment plan with no hidden fees

These benefits make consumer proposals the most flexible and protective debt relief program available in Ontario.

A consumer proposal is a practical option for people in Scarborough who are juggling different kinds of unsecured debt and want one simplified, affordable solution.

Instead of dealing with multiple lenders, high interest rates, and constant collection pressure, your Scarborough Insolvency Trustee combines everything into one monthly payment that fits your income.

Oshawa residents typically include debts such as:

• Credit cards and lines of credit from local banks and credit unions
• Personal loans, overdrafts, and consolidation loans that didn’t work out
• CRA tax balances, which are a growing issue for many people in Toronto
• Old bills and collection accounts from telecom, utilities, or medical expenses
• Payday loans and high-interest instalment lenders
• Student loans older than 7 years, which many younger Scarborough residents struggle with

All of these debts are rolled into one interest-free payment that reflects what you can realistically afford. Our Scarborough team handles the entire process for you, making it easy to understand exactly what’s included and how much you’ll save.

Scarborough residents choose YanchDey & Associates because our local team makes the consumer proposal process clear, supportive, and affordable from start to finish.

With more than 25 years of experience helping people across the GTA, we understand the financial challenges unique to Scarborough — rising living costs, tax pressure, credit card dependence, and the stress of trying to stay ahead.

Working with our Scarborough office means you get:

• Local Licensed Insolvency Trustees who know the community and the courts
• A friendly, private consultation that explains your options in plain language
• A proposal designed around your income, your household, and your goals
• No upfront fees and one predictable monthly payment you can afford
• Immediate protection from wage garnishments, collection calls, and legal action

We’ve helped hundreds of individuals and families in Scarborough regain control of their finances through consumer proposals that reduce debt and protect assets. Our team is committed to honest advice, personalized solutions, and a stress-free experience from the moment you call.