Personal Debt Solutions Canada - Consumer Proposal, Is it Right for Me?

Get Started Today!

Our Bankruptcy Trustees are here to help!


Also be sure to check out our FAQ Pages

Debt Calculator

Compare Your Debt Repayment Options

Explore PDSC by Topic

PDSC Testimonials
Read More >>>

"I was so relieved to learn that I could go bankrupt, but still be able to keep my car. "
~Scott - North Saanich

"I really didn't want to go bankrupt and was relieved to learn that I could file a Consumer Proposal. "
~Lyn - Sooke

"I found the web site very informative and helpful. "
~Danielle - Saanichton

"We were really scared coming here, but everyone here was welcoming and no one talked down to us and we really appreciate it. "
~Rhonda - Highlands

Is a Consumer Proposal the right decision for you?

Some of the notable benefits of a consumer proposal include:

Return to Consumer Proposals

Advantages of a Consumer Proposal

If the consumer proposal is the viable option you choose, it can benefit you in the following ways:

Return to Consumer Proposals

Even if you are already bankrupt in Canada with a bankruptcy trustee, you can still file a Proposal, which, if accepted by your creditors, will annual the bankruptcy or in other words lift you out of the bankruptcy.

Once you have filed a Consumer Proposal with an Insolvency Professional in your area, then the interest is immediately stopped as well as any legal action against you. This is called a "Stay of Proceedings that means that your wages cannot be garnished or you assets seized. This is also another benefit of a formal Consumer Proposal administered by a Trustee vs. an informal Debt Repayment Plan with just a credit counselor. Debt consolidation plans, or plans put together by debt poolers are not governed by the same Federal Insolvency Legislation (the Bankruptcy and Insolvency Act) that covers Bankruptcy Trustees.

What won't a Consumer Proposal do for you?

Return to Consumer Proposals

Are you eligible to file a consumer proposal?

The following is a list of eligibility criteria that you must meet in order to file a consumer proposal:

You must:

Return to Consumer Proposals