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Make edits, fill in missing information, and update formatting in US Legal Forms—just like you would in MS Word.

Download a copy, print it, send it by email, or mail it via USPS—whatever works best for your next step.

Sign and collect signatures with our SignNow integration. Send to multiple recipients, set reminders, and more. Go Premium to unlock E-Sign.

If this form requires notarization, complete it online through a secure video call—no need to meet a notary in person or wait for an appointment.

We protect your documents and personal data by following strict security and privacy standards.
Consumer proposal pros and cons ProsCons The stay of proceedings granted by filing a proposal protects you from collection acts, such as lawsuits and wage garnishment. Paying off debt with a consumer proposal will negatively affect your credit.7 more rows
Those who file a consumer proposal can keep a credit card with a zero balance at the date of filing. This will help re-establish credit during the consumer proposal.
A consumer proposal can only be filed for non-mortgage debt up to $250,000. Bankruptcy has no limit to the amount of debt that can be included, only a minimum of $1000.
Consumer proposals get accepted in our office “eventually” at a rate of 99% or better.
Make payments in full and on time Those who file a consumer proposal can keep a credit card with a zero balance at the date of filing. This will help re-establish credit during the consumer proposal. Many people worry that filing a consumer proposal will drop their credit card limit, this is not automatically the case.