Many people in Whitby choose a consumer proposal because it offers a clear, structured way to deal with rising debt, and it works whether you’re comparing the advantages, understanding whats the total cost, or exploring if you qualify for a proposal.

A proposal lets you reduce unsecured debt, stop collection calls immediately, and protect your wages, while still keeping important assets such as your home, car, and tools of the trade.

Across Whitby neighbourhoods—from Thickson Road to the 412 and surrounding Brooklin communities—residents appreciate that a consumer proposal replaces overwhelming bills with one affordable monthly payment.

It’s a trusted alternative to bankruptcy and works well for those dealing with

• lines of credit,
• bank loans,
• payday loans, or
• CRA tax debt.

This option is popular because it provides real financial relief. Many local residents choose a proposal to:

• Stop interest immediately through a federally legislated process
• Reduce total debt by up to 70% depending on income and assets
• Avoid bankruptcy while keeping key personal and household assets

These benefits provide long-term stability and make it easier for Whitby families to rebuild with confidence.

While we focus on consumer proposals as the most effective solution for Whitby residents, our Licensed Insolvency Trustees also assist with bankruptcy for clients who need it.

When you call our office we’ll go over your debts and explain whats involed and how to file a consumer proposal. Our trustees will explain the simple, government-regulated steps involved. Starting a proposal in Whitby is easier than many residents expect — there are no upfront fees, no court appearances, and no need to negotiate with creditors yourself. Everything is guided by our Insolvency Trustees from start to finish.

The timeline is for a consumer proposal is immediate, as soon as the proposal is filed collections stop. In most cases, interest ends immediately and collection agencies must stop calling the moment your proposal is filed.

Most people will qualify for a consumer proposal and all unsecured debt can be included in the proposal. When we start we’ll want to review your income, household budget, debts, assets, and any collections or lawsuits pending in the Whitby area. Once your situation is assessed, your Trustee prepares a fair, affordable monthly payments based on what you can afford.

To get started in Whitby, you just need to:

• Give us a call (the hard part)
• Explain your situation to our trustee explaining your debts
• The trustee will give you suggestions and explain how they can help you

This makes starting a consumer proposal one of the most accessible, stress-free ways for Whitby residents to regain control of their finances.  Our Trustees will do everything for the proposal, just give us a call and we’ll get started today!

The steps to file a proposal, are simple, regulated, and designed to give you immediate protection from creditors. The proposal consolidates your unsecured debts into one affordable monthly payment, stop interest instantly, and keep important assets such as your home, vehicle, and personal belongings.

As well, the advantage of a consumer proposal to other debt relief options is dramatically better. Once filed by your Licensed Insolvency Trustee, all collection calls, wage garnishments, and lawsuits stop under federal law, giving Whitby residents immediate breathing room from financial pressure with a fresh start.

How Payments are Calculated

One of the first things people ask is how are the payments in a consumer proposal calculated?

The monthly payment is based entirely on income, household needs, and what creditors would receive in bankruptcy. In most Whitby cases, monthly payments have been significantly lower than what residents previously paid on credit cards, lines of credit, tax debt, or payday loans.

People looking into the consumer proposal timeline also appreciate how predictable the process is. Once filed:

• All interest stops immediately
• All collection agencies must cease contact
• All wage garnishments end
• All lawsuits and legal actions are frozen

All unsecured debts are eligible for a consumer proposal, because proposals are designed to include almost all unsecured debts that residents in Whitby might struggle with. This includes credit cards, personal loans, lines of credit, overdrafts, payday loans, and tax debt—allowing you to consolidate everything into one affordable monthly payment.

You might be interested to know how proposals treat lines of credit, especially as variable interest rates continue to rise. Lines of credit are fully eligible for inclusion, and a consumer proposal replaces fluctuating payments with a single stable amount that doesn’t change over time.

The advantages of consumer proposals are, that so many types of debt can be combined into one plan. A proposal can include:

• Credit cards, personal loans, and unsecured bank loans
• Lines of credit, overdrafts, and instalment loans
• Payday loans, online loans, and cash advances
• CRA tax debt, HST, GST, and CERB overpayments

This broad coverage allows anyone in Whitby to simplify their finances and eliminate overwhelming debt with one predictable monthly payment.