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 am so impressed with the support and customer service from the team at J.P. Graci and Associates. Thank you for the wonderful service!

Sam R. May 15, 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

This service is amazing! The team at JP Graci helped me with the stressful decision of going through a negotiation an understandable and simple process. From the explanation to instructing me on the r...

James K. July 25, 2017

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

Dave W. February 18, 2017

Everyone is great, knowledgeable and friendly. The staff does their best to make you feel comfortable. I highly recommend JP Graci and Associates. I live in Brantford and it is really close to the off...

Katrina S. September 18, 2017

Thank you, you made my job so much easier.

F.V. April 25, 2015

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