Sentences with phrase «assistance of a consumer proposal»

A consumer proposal in Ontario is a legally binding, negotiated debt settlement made between you and your creditors with the assistance of a consumer proposal administrator.

A consumer proposal is a legally binding arrangement made through the Bankruptcy & Insolvency Act with the assistance of a consumer proposal administrator.

Not exact matches

While both involve negotiation with your creditors with the assistance of a third party (a trustee in the case of a consumer proposal and an accredited credit counselling agency for a debt management plan), a consumer proposal can provide more relief in terms of lower monthly payments in most situations.