Consumer Proposal Brampton

Effective Debt Relief with Consumer Proposals in Brampton

Are you struggling with debt mounting up? Are you at your wits’ end on how to keep up with bills and even just the minimum credit card payments? Our consumer proposal services in Brampton can be the right solution to your financial worries! The experienced Licensed Insolvency Trustees of Risman Zysman are here to help you with personalized plans that help you overcome your financial challenges.

Book a free consultation today by calling 416-222-4600 and find out if a consumer proposal suits you!

Flexible Debt Repayment Options in Brampton

A consumer proposal in Brampton gives you a flexible debt repayment option on your road to financial recovery. We understand that every individual’s financial circumstances are different, and Risman Zysman offers a range of customizable options for your consumer proposal.

You can include any unsecured credit in a consumer proposal, including:

• Credit card debt
• Personal Loans
• Lines of credit
• Payday loans
• Certain student loans (if you ceased to be a student at least 7 years ago)
• Income tax debts

It is also important to note that you cannot include any secured debt in a consumer proposal in Brampton, such as car loans or mortgages, guaranteed by an asset. You cannot include support or alimony payments, court fines and penalties.

Consumer Proposal Process in Brampton, ON

The consumer proposal process in Brampton begins by calling Risman Zysman today at (416) 222-4600 to schedule a free consultation with one of our Licensed Insolvency Trustees. We will work with you to thoroughly review your financial situation to determine if a consumer proposal is the right solution for you. We will examine your debts and assets, income and expenses to ensure that we find the best option for you.

If a consumer proposal is deemed the best option, the LIT will negotiate a proposal with all your creditors you can reasonably afford. Please note that you cannot exclude any unsecured debt from a consumer proposal.

They will then prepare a consumer proposal and send it to your creditors for approval. If they accept the consumer proposal, you will make the agreed-upon payments to your LIT, and after the consumer proposal Brampton has been fulfilled, the remaining debt is discharged.

Check out how much a consumer proposal costs.

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How to File Consumer Proposal in Brampton, ON

The first step of filing a consumer proposal in Brampton is to schedule a free consultation with a Licensed Insolvency Trustee. Make sure to come prepared with all information about debts and assets and a list of your income and expenses. They will give your financial situation a thorough review. If a consumer proposal is your best option, they will determine how much of a monthly payment you can reasonably afford.

The next step is negotiating with your creditors by sending the consumer proposal to them. This consumer proposal will outline your repayment terms, including the amount you will pay and the time you have to pay it.

As soon as the consumer proposal is filed, all legal action, such as collection calls or wage garnishments, will cease immediately, and all interest on the debt included in the consumer proposal will be frozen.

If your creditors approve the consumer proposal, you will make the agreed-upon monthly payment to your LIT, who will then distribute the money as outlined in the consumer proposal. Once you have completed all payments, the remaining debt will be discharged.

Meet Our Brampton Debt Experts

If you are struggling with debt and considering a consumer proposal in Brampton, speaking with a licensed insolvency trustee is crucial to determining if a consumer proposal is the right option. Risman Zysman are trusted professionals who can help you navigate the consumer proposal process and work with you to find a solution that meets your needs.

Book your free consultation with us today at (416) 222-4600, and one of our professional LITs will be happy to assist you with your consumer proposal in Brampton.

Why Choose Risman and Zysman for Consumer Proposal Services in Brampton

Risman Zysman has over 45 years of experience providing quality debt solutions. Our team of professionals understands the fears and frustrations of individuals facing financial difficulty. At Risman Zysman, we present each client with a full range of options and guide them to make the right choices so they can move forward.

Book a Free Consultation with Brampton Debt Experts

To find out how we can help you and if a consumer proposal is right for you, call us and get a free, confidential, no-obligation consultation today! Risman Zysman can help you on the road to financial recovery.