Will My Consumer Proposal be Approved?


Your best chance of getting your consumer proposal accepted is when you have a Licensed Insolvency Trustee draft and submit a proposal to your creditors on your behalf.  A Licensed Insolvency Trustee will have a sound understanding of what different creditors will need to receive in order for them to accept a proposal. There is always a small chance that your proposal can be rejected by your creditors. In the event that your proposal is not accepted, you can still negotiate with your creditors until an agreement is made. To get your proposal accepted, the majority of your creditors will vote yes on the proposal. Creditors have 45 days to vote or request a creditor’s meeting from the date your proposal was electronically filed.  A meeting will be required if 25% of your unsecured creditors request a meeting. If your consumer proposal is accepted, all creditors shall be bound by the terms of the proposal. 



If you are overwhelmed with a financial crisis, J.P. Graci & Associates Ltd can help! Call us now at 519-753-7361.



WHAT OUR CLIENTS SAY?

I had the best experience with Paul and his team. They made the process so easy for me. They maintained a great communication with me and they were always there to answer my questions. I would highly ...

Tara Y. October 16, 2017

Thanks again Sabrina, I can't say enough how much I appreciate everything you, Paul and company have done for me. It's overwhelming sometimes to think that someone still has their dignity even once th...

T.K. July 7, 2017

I just wanted to express my own and my familys gratitude for everything you did to help us out

N.N. October 11, 2015

I am very happy with J.P. Graci & Associates. They went over and beyond to help me. Thanks a million

Anne L. July 21, 2017

Thank you so much for everything you and your staff have done to help me through this difficult time in my life. Thank you to Patricia for her smile and pleasant greeting when I came in the front and ...

Lisa, Brantford May 28, 2017

Thank you so much for everything you have done for me. These months of lessons will serve me for the rest of my life and I will never be able to fully express how grateful I am for this new beginning!

K.J., Cambridge July 15, 2017

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