905-279-7000 jim@jameswalker.ca

James B.

Walker & CO.

Licensed Insolvency Trustee

Call us at

(905) 279-7000

Consumer Proposal

A debt relief deal.

Consumer Proposal

Your #1 ALTERNATIVE to filing Bankruptcy.

An offer you make to your creditors requesting a legally binding modification of your debt to a lesser amount.

Let’s Do This

Jim Walker can help you get into financial shape based on over 25 years of experience. You can reduce spending, increase financial strength, and make a total financial lifestyle change.

CAN I FILE?

You may file a Consumer Proposal if you are an Insolvent Person and you:

Can’t pay your existing debts

Owe unsecured creditors less than $250,000

Owe more than the liquidation value of your assets

Want to avoid Bankruptcy

Have enough income to make monthly payments

Offer your creditors more than a Bankruptcy

8 BIG BENEFITS

  • Reduces debt
  • Make one monthly payment
  • Stops creditor interest charges
  • Stops creditor collection
  • You maintain control
  • You keep all your assets
  • You keep your tax refund
  • You avoid Bankruptcy

 

WHERE CAN I FILE?

A Licensed Insolvency Trustee is the only person who can file a Consumer Proposal for you. No other person may offer this service.

JAMES B. WALKER & CO. is a Licensed Insolvency Trustee.

You can file in one day provided you have all your information available.

Most Consumer Proposals are for a 5-year or 60-month period. This is the maximum time specified under the Bankruptcy and Insolvency Act.

It is possible to make a lump sum payment to complete the process in a few months.

HOW MUCH DOES A CONSUMER PROPOSAL COST?

Your creditors want all their money. But, your cost is based on what you can afford to pay.

Your income and the value of your assets determine how much you can afford to pay. You can file for as little as $100.00 a month.

A Consumer Proposal will always be your cheapest debt relief solution when compared to repaying debt, obtaining a consolidation loan, or using debt counselling.

We Listen. We Help.

James B. Walker & Co.

 Email:

jim@jameswalker.ca

Call Us Now