Consumer proposals explained (Office of the Superintendent of Bankruptcy)

The Government of Canada's plain explanation of a consumer proposal: an offer to pay creditors part of what you owe, or over more time, for up to five years, arranged by a Licensed Insolvency Trustee. Open to people with debts up to $250,000, not counting a mortgage on your home.

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How to reach them

1. Read the guide.
2. Tell them what you need.
3. Come back here and tell us if they answered.

Where else they are

Their website is ised-isde.canada.ca/site/office-superintend....

Good to know

• For whomAnyone in Canada thinking about a consumer proposal.
• CostFree
• LanguagesEnglish, French

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