See what your debt could be reduced to, in about 90 seconds
Answer six questions and find out whether a consumer proposal fits your situation, and what you would pay. No cost, no obligation, and nothing gets filed unless you say so.
Start my free assessment- Free and confidential
- Takes about 90 seconds
- No credit check
A real Fuller client
- Owed
- $49,000
- Settled for
- $14,600
Results depend on your income, assets and what your creditors accept.
25+ years of experience
Helping people restructure their finances
Licensed and certified
Federally licensed insolvency trustees
Free consultation
In person, by phone, or virtual
Five GTA offices
Downtown Toronto, Scarborough, North York, Etobicoke, Hamilton
Step 1 of 6
Takes about 90 seconds
Fuller Financial Solutions is a division of The Fuller Landau Group Inc., Licensed Insolvency Trustees.
What a consumer proposal does
A consumer proposal is a formal agreement, filed through a Licensed Insolvency Trustee, that legally reduces what you owe. Your creditors vote on it. Once it is accepted, it binds every one of them, including the ones who have been calling you.
A proposal is not for everyone. It works only on unsecured debt, it needs income behind it, and it stays on your credit report for three years after it ends. Where it is the wrong answer, we will say so. The assessment above works that out before you spend an hour on the phone.
What happens next
- 1
Free and confidential assessment
A trustee goes through your income, your debts and what you own. No judgement, no cost.
- 2
We present all your options, with no pressure
A proposal, refinancing, counselling or bankruptcy. Including doing nothing yet, if that serves you better.
- 3
We get you results
If you choose to proceed, we file it, deal with your creditors, and you make one payment a month until you are clear.
Frequently asked questions
Will I lose my home if I file a consumer proposal? + −
No. All your possessions and belongings, including your car and home, are protected from your creditors when you file a consumer proposal. You keep your home as long as you keep making your mortgage payments. That is one of the main reasons people choose a proposal over bankruptcy.
Will the collection calls stop? + −
Yes, and quickly. The moment your proposal is filed, a stay of proceedings comes into effect. Unsecured creditors and collection agencies must stop contacting you, and a wage garnishment for unsecured debt has to stop too.
What is the difference between secured and unsecured debt? + −
Secured debt is tied to something you own. Your mortgage is secured against your house, your car loan against your car. If you stop paying, the lender can take the asset back. Unsecured debt is tied to nothing: credit cards, lines of credit, payday loans, bank loans, and money owed to CRA. A consumer proposal reduces unsecured debt. Working out which is which before you speak to us is our job, not yours.
How much of my debt would actually be written off? + −
It varies. Most consumer proposals settle between 20% and 50% of what is owed, repaid over up to five years with no interest added. What you pay depends on your income, what you own, and what your creditors will accept. A trustee works out your figure during the free assessment.
Will my spouse be affected? + −
Not unless the debt is joint. A consumer proposal covers debts in your name. If you and your spouse both signed for a debt, the creditor can still pursue them for it, so joint debts are worth raising early in your assessment.
What does the assessment cost? + −
Nothing. The consultation is free and confidential, and nothing is filed unless you decide to go ahead. If a proposal is not the right answer for you, we will tell you that.