Orangeville Consumer Proposal

Orangeville Consumer Proposal

In Canada, 118,050 people filed either Bankruptcy or Consumer Proposal in 2014. A Consumer Proposal is an alternative option rather than filing for bankruptcy. When you face uncertainty in your job, and you’re simply unable to pay your creditors from whom you borrowed money, debt and interest continue to acrue. Now, you’re faced with trying to buy more time to organize your finances. In Orangeville and as well in other parts of Canada, people who cannot pay all of their debt off due to their present situation, the Consumer Proposal is quite often the best option. A Consumer Proposal is a fair and stress-free solution for paying off your debt. It is a legal option that allows you to negotiate a settlement between you and your creditors to repay part of what you owe.

Procedure of Consumer Proposal

Your Trustee will file your Orangeville Consumer proposal with the court. He or she will send the notice to all of your creditors. After that, your creditors will have a deadline of 45 days to consider the offer the trustee has made them. Through the 45 days, you do not have to make any payment to your creditors, and they are unable to take any action of collecting anything from you. The report will be filed by your trustee, which will show your case, reasons for your financial hardships, and an overview of your assets, your creditors and your debt.

Advantages of Consumer Proposal

• You will be free to make your financial decisions.
• A Consumer Proposal will allow you to negotiate with creditors, instead of having to pay the full amount that you owe.
• You will make the monthly payments to your trustee. You can also make bigger lump sum payments if you can make an arrangement.
• You will not have to face disturbing, harassing calls from your creditors or collection agencies after making a consumer proposal. No further action will be taken against you from your creditors, or third party collectors.
• You won’t have to pay interest on your debt anymore.
• You will be able to keep your car and home.
• A consumer proposal in Orangeville is a great way to gather a number of unsecured debts into one low monthly payment. It will also give you a chance to get out of debt faster.
• A Consumer Proposal can be a good alternative if you do not want to file bankruptcy.

Disadvantages of Consumer Proposal

• When you go for Consumer Proposal option, you might need to sell some of your assets.
• You must make your payments as arranged otherwise it could put the settlement into jeopardy and make the agreement null and void.
• There are fees to file a Consumer Proposal in Orangeville.
• You will not be able to file another proposal if you default on your proposal.
• Your trustee will need to convince your creditors to accept your proposal.
• Only non-secured debt can be put into a proposal. Secured debt cannot.
• Student loans less than seven-year-old may not be included.


  • “I can’t say enough how great your company has been. Matthew, thank you so much for making all of this process so easy for us. Our bank would not help us and you were amazing. Your company kept us informed every step of the way, and not once were we made to feel inferior like our bank did. The lawyers you set us up with were also awesome. I will highly recommend your company to anyone looking for mortgages. Thank you so much for getting creditors off or back and setting us on the right track. You guys are all amazing. I’m also so impressed that you came to us do to everything.”

  • “I just want to say ‘thank you’ to all of you, especially Matthew. The financial stress started affecting my health and my life. I could not sleep or focus at work. Now Expert Mortgage has given me control on my life by connecting me to a great lender. I have gone from being full of stress to being stress-free.”

    M.D, Mississauga, ON
  • “The bank would not lend money on our farm unless we showed them financial statements. Since my husband passed away, my son and I were struggling to keep the farm afloat. We just needed more time. The third mortgage you got us was the miracle we needed. You believed in us and we are so grateful. Thank you.”

    S.E. Orono, ON
  • “My pig farm always made good profit but last year was brutal for the whole industry. I fell behind on my mortgage. I showed FCC that my loss was just a temporary blip and asked them to give me some leeway but they started a foreclosure anyway. Thanks for getting me that private loan to buy me some time until I’m profitable again.”

    K.O., Hawkesbury, ON
  • “My ex-wife’s lawyer gave me 30 days to buy out her half of our house or have it put up for sale. I had no job and I was in bankruptcy. My bank manager laughed at me. I thought it was hopeless until I saw your flyer. I don’t know how you qualified me for the mortgage. You’re a miracle worker. Thank you!”

    J.R. Burlington, ON
  • “We were 6 months behind on our mortgage and the Sheriff was coming in 5 days to lock us out of our home. Every other mortgage broker said NO! I can’t believe you were able to get us a second mortgage that fast. You saved our home and I will refer everyone I know to you.”

    C.C., Oshawa, ON
  • “The bank refused to value my property based on all 211 acres. They said that their ‘rules’ limited it to 5 acres. Personally, I think that’s biased against farmers. I didn’t know that you had lenders who would value my property on all the acres. I finally got a large enough loan to tie all my debt into one payment. Thanks!”

    C.R., New Dundee, ON
  • “Every time I’d walk into a bank and say the word ‘farm’ the suit on the other side of the desk would look at me like I was from another planet! They had one agricultural ‘specialist’ for the area that was not much better. Then I went to 4 mortgage brokers before I stumbled on your company. Your rates were lower than the bank.”

    M.D., Bradford, ON
  • “Our credit was destroyed after we had a bad year. We needed to expand our facility. I explained to the bank that the expansion would make us profitable. I proved it on paper. They still declined us. I never heard of your ‘no questions asked’ private loans but you gave me $500,000 with no paperwork. That was a Godsend. My wife and I appreciate it from the bottom of our hearts and we won’t let you down.”

    R.Q., Woodville, ON
  • “Once again, a big thank you for arranging our new mortgage and being able to arrange for additional funds on closing. Matthew has worked hard for me over the last few years… I have a very high level of trust in Matthew and Expert Mortgage, and will surely recommend you to anyone I know who is in need. Thank You.”

    M.Z. Brantford, ON