Skip Navigation

Consumer Proposal

File for a consumer proposal in Ottawa, Gatineau, Laval and beyond

A consumer proposal is an offer you make to your creditors to settle your debt for less than the full amount you owe. At Bernier & Associates, our insolvency trustees are trained and licensed to manage this process on your behalf and can help you eliminate your debt.


Contact us today in Ottawa to find out if a consumer proposal is the right debt management solution for you.

What is a consumer proposal?

A consumer proposal is a procedure under the Bankruptcy and Insolvency Act by which you make an offer to your creditors to settle your debts. The consumer proposal applies in the following cases:

  • The total debt does not exceed $250,000 and excludes the mortgage on the principal residence.
  • It concerns consumer debts: loans, credit cards, or even lines of credit.
  • Its duration may not exceed a period of 5 years.
  • A consumer proposal may be joint, as long as the debts are substantially the same.
  • It may be a monthly payment or lump sum, the sale of an asset or a combination thereof.

What are the advantages of a consumer proposal?

A consumer proposal allows you to settle your debts without filing for bankruptcy and can help you reduce your debts by up to 70 per cent. Additionally, your proposal payments are interest free, and any legal proceedings or wage garnishment orders are suspended. Your employer cannot terminate your employment. Plus, you get to keep all of your assets including your home, car and registered retirement savings plan (RRSP). The reference to the credit bureau is deleted 3 years after the proposal has been fully implemented.



Trusted LITs in Ontario and Quebec


If you’re struggling to pay off your debts, the team at Bernier & Associates can help. We offer a variety of financial restructuring services, and can assist you with a consumer proposal in Ottawa. Contact us today to speak with a licensed insolvency trustee in one of our 15 agencies.

The debt restructuring proposal

This proposal can help to avoid the closure of a company.

Check your eligibility



Bernier & Associates

226, rue Papineau





Sunday Closed

Monday 08:00 AM - 05:00 PM

Tuesday 08:00 AM - 05:00 PM

Wednesday 08:00 AM - 05:00 PM

Thursday 08:00 AM - 05:00 PM

Friday 08:00 AM - 05:00 PM

Saturday Closed


Send to a friend

Send the url of this page to a friend of yours

Copyright Bernier & Associates 2023 - Legal
Created by

Legal notice