Consumer Proposal

A solution that allows you to repay part of your debts

The consumer proposal is a solution that allows you to repay part of your debts while freeing you from all amounts due. With the help of a Lemieux Nolet trustee, you could make an offer to your creditors and settle all your debts.

Will it be approved or refused?

If the offer is accepted, it becomes a repayment agreement with your creditors. It will take place over a maximum period of 5 years.

If it is refused, you will have to repay your debts on the conditions established with each creditor before the proposal, or choose another solution to your over-indebtedness

The conditions for filing a consumer proposal

To make a consumer proposal, the total amount of your debts must not exceed $250,000 excluding your mortgage balance. To find out all the conditions and details of the bankruptcy and insolvency law that applies to your situation, we invite you to contact a Lemieux Nolet trustee. Also consult our evaluation process which allows you to understand the 3 steps to get off on the right foot.

Explore alternatives to Bankruptcy.

The proposal allows you, among other things, to:

  • Pay off your debts over a longer or shorter period of time, as the case may be;

  • Pay a lower amount each month;

  • Pay off only part of your debt.

Introduction to the Insolvency Counselling Program

The insolvency counselling program is part of the insolvency proceedings regulated by the federal government. Its goal is to provide you with the right tools and the right knowledge to help you free yourself from your insolvency.

This online program from the federal government will help you get your finances in order and plan for a more secure financial future!

This is the opportunity for a fresh start!

The program is here to help!

If you are in such a situation, you can file a consumer proposal by making an appointment with a Licensed Insolvency Trustee, formerly called a Bankruptcy Trustee.

A meeting that changes everything !

At Lemieux Nolet Insolvency Trustees, your first contact is with a Licenced Insolvency Trustee, not an advisor or a financial recovery councillor.

Call us

1 866 858-4306

Follow us on Social Media
Send us an Email

    Book an appointment.