Proposal with Increasing Payments:

Individuals may have a temporary setback in income, such as a temporary layoff, or be off work due to an injury, and may be on short term disability. In cases such as these, you may ask to start off with a lower payment for the first six months, increasing the payment when you get back to work. This can also be beneficial if you are earning the same income, but need some extra funds to catch up on your mortgage payments or catch up on a second loan where you are at risk of losing a car or assets.

We have considerable experience in dealing with creditors, and we specialize in tailoring Consumer  Proposals to fit an individual’s specific needs. We want to ensure that any payment plan you are committing to is not so onerous or difficult for you, that it leads to an inability to complete the proposal.

In order for any Consumer Proposal you consider to be successful, it should provide you with a little money left over for you to reward yourself once and a while, even it is just a little bit. One of our Licensed Insolvency Trustees would be happy to sit down with you and help you draft a proposal. So please do not hesitate to contact us.