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?

HI Paul. Once very long ago my husband used your services, thank you ... you helped him get his life back on track. I work with mortgages. At times I help my client settle with creditors to get them b...

S.B., Brantford July 1, 2017

Thank you Paul and Norma for helping in a very difficult time in my life.

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WOW! These guys are amazing and I highly recommend their services if you want to change your life for the better.

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You guys are the best. I refer you to anyone I know who needs help. Thanks again

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While I knew Id made the right decision and entrusted my bankruptcy to the right people, what I did not anticipate was the level of support and compassion I would receive and how empowered I would fee...

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