How does a consumer proposal work?

A consumer proposal allows you to change the way you are paying off your unsecured debt. For example, you can arrange to pay part or all of the debt in monthly installments over a set period. In addition, our consumer proposal services can help you negotiate with your creditors to extend your timeline for repayment, reduce interest, or even reduce the total amount to be paid.

How can I tell if your consumer proposal services are right for me?

In general, consumer proposal services are designed for people whose debts have become unmanageable, but who are still able to make some kind of payment. If you’re not sure what solution is best for your financial situation, we encourage you to reach out to our team to learn more about the options we have to offer.

What are the qualifications for consumer proposal services?

To qualify for consumer proposal services, your total debts must not exceed $250,000. However, the mortgage on your primary residence is not included in these calculations.

What’s the difference between a consumer proposal and bankruptcy?

A consumer proposal allows you to change your payment arrangement with your creditors, adjusting the length of your repayment plan (to a maximum of 5 years) and the total amount to be repaid. Conversely, bankruptcy typically forgives debts to unsecured creditors, giving you a clean financial slate. In addition, bankruptcy will reset your credit rating on each applicable account to the lowest possible level (R9), while a consumer proposal will have a less severe impact, putting it at R7.

Consumer Proposal Services, Toronto | Morgan & Partners Inc.

At Morgan & Partners Inc., we offer consumer proposal services that can help you get back on track with your finances.

Consumer Proposal Services in Toronto, Ontario

Overcoming financial troubles in Toronto, Ontario is not always easy, especially if you are trying to do it alone. At Morgan & Partners Inc., we offer consumer proposal services that can help you get back on track with your finances. There are a ways to tell if you may need professional help with your financial situation. If you feel overwhelmed by the amount of debt you owe, if you notice that you are frequently going outside of your spending limits, or if you are only able to pay minimum amounts towards your debt, you may benefit from consumer proposal services from us at Morgan & Partners Inc.

When we put together a consumer proposal for you, we will send requests to your creditors, offering a settlement plan. Advantages of consumer proposal services include eliminating interest, easing monthly cash flow, paying less money overall, and avoiding bankruptcy.

Need consumer proposal services? Schedule your phone consultation today!

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Services We Offer

Personal Bankruptcy

We can help you find a solution to your personal financial troubles, including filing personal bankruptcy.

Corporate Bankruptcy

Our corporate bankruptcy services can help your business rise above financial difficulties and ensure a profitable financial future.

Corporate Restructuring

Corporate restructuring allows your business to rid itself of some of its liabilities to improve your company’s financial standing.

Need consumer proposal services? Schedule your phone consultation today!

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We have over two decades of experience helping consumers.

At Morgan & Partners Inc., we offer consumer proposal services in Barrie, Brampton, Guelph, Innisfil, Newmarket, Orillia, Milton, Gravenhurst, Toronto, and Muskoka, Ontario.

Why Choose Morgan & Partners Inc.?

At Morgan & Partners Inc., we realize that the stress of insurmountable debt and commercial and personal financial difficulties can be debilitating. If you are looking for a way out but feel like bankruptcy is your only choice, we want to introduce you to your other options. We take an individualized approach to each financial situation we encounter and provide a solution that will match your specific needs and financial constraints.