Consumer Proposal – Cost

How Much Do I Need To Offer My Creditors?

Your offer is largely driven by 2 main factors: What you own, and what you earn.

The more you own and earn, the more you have to propose to pay your creditors.  When individuals own and earn very little, we recommend offering at least 30% of the outstanding unsecured debt.  Special circumstances can justify offers as low as 25%, but we find that creditors typically reject proposals that offer less than 30% repayment without specific justification.

Want to understand what you need to offer in a matter of minutes? Then give us a call at (416) 246-7771.  A licensed Trustee in Bankruptcy will review your situation over the phone in a matter of minutes and explain your options.  It’s the only accurate way determine how much you need to offer your creditors in a consumer proposal.


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