Consumer proposal Toronto

Spergel consumer proposal administrators and trustees - providing consumer proposal and personal bankruptcy solutions for over 20 years in Toronto.

Spergel Consumer Proposals.

A consumer proposal is a formal offer to your creditors to settle your debts, usually for an amount less than what is owing, but for a greater amount than the creditors would receive if you filed for bankruptcy. You offer to pay an amount that you can realistically afford, for a fixed period of time - often up to 5 years. The benefit of a proposal over a bankruptcy is that you generally get to keep your assets. If approved by your creditors you will have a binding contract. Make your payments as agreed and you will have no further obligations to your creditors.

A SPERGEL customized proposal allows you to free up money at certain times of the year to help you through the periods when you need money the most. This can be accomplished by setting up your payment schedule in 1 of 2 ways:

Author's Note

Spergel, Trustee, Personal Debt Solutions, Debt Consolidation, Personal Bankruptcy, Personal Insolvency, Consumer Proposals, Student Loans, Toronto, Ontario