Jul 31, 2026 · 5 min read

A Consumer Proposal in Canada is a legally binding agreement between you and your unsecured creditors to repay a portion of your debt, overseen by a Licensed Insolvency Trustee (LIT).

Navigating debt can be overwhelming, and understanding the various debt relief options available is crucial for regaining financial stability. For many Canadians facing significant unsecured debt, a Consumer Proposal offers a powerful alternative to bankruptcy, potentially reducing what they owe and providing