Family Lawyers In Mississauga

Office: Unit 10, 1087 Meyerside Drive, Mississauga, ON, L5T 1M5

Consumer Proposal in Canada – A Smarter Bankruptcy Alternative

What is a Consumer Proposal?

A consumer proposal is a legally binding debt settlement option under the Bankruptcy and Insolvency Act (BIA). It allows you to repay a portion of your total unsecured debt, usually over a period of 3 to 5 years, in exchange for complete debt forgiveness on the remaining balance.

Key Advantages of Filing a Consumer Proposal

Reduce your total debt by up to 80%
Avoid bankruptcy and its long-term consequences
Keep your home, car, and other assets
Stop collection calls and wage garnishments (legal protection from creditors)
No interest or penalty charges on your reduced debt
No surplus income payments, even if your income increases

Our consumer proposal process is transparent, affordable, and client-focused—designed to help you get back on track.

What Debts Can Be Included in a Consumer Proposal?

Most unsecured debts can be included:

Credit card debt
Personal loans and bank loans
Payday loans
Tax debt owed to CRA
Lines of credit
Unpaid bills and collection accounts
Student loans (if you're out of school for 7+ years)

Secured debts (e.g., mortgage, car loan) are not included—but by lowering your unsecured debt burden, you’ll find it easier to manage secured payments.

How the Consumer Proposal Process Works

1. Free Consultation:

We assess your financial situation and confirm if a consumer proposal is right for you.

2. Customized Plan:

We help determine an affordable monthly payment.

3. Negotiation & Filing:

We submit the proposal to your creditors. Most proposals are accepted without modifications.

4. Legal Protection:

Once filed, creditors must stop all legal actions and communications.

5. Payments & Credit Counselling:

You make monthly payments and attend two mandatory credit counselling sessions.

6. Debt-Free Completion:

Once your payments are done, you’ll receive a Certificate of Full Performance—and be legally released from the remaining debts.

Am I Eligible to File a Consumer Proposal?

You can file if:

Not sure if you qualify? We’ll walk you through every option to find the best fit for your situation.

Book Your Free Call Now, No-Obligation Consultation

Get in touch with us

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Testimonials

Ronald Lee

Simmi is amazing. She is professional, really know her stuff and was able to answer all my questions patiently. I would not hesitate in recommending her.

Amrit Kalia

Excellent services provided by Orcus Law LLP. Simmi is very knowledgeable and knows how to deal with the situation. One can totally rely on them. Highly recommended!

Shilpa Sharma

Excellent services… I would recommend her. She is a great lawyer.

Varun Mahajan

I have not seen more professionalism than working with Orcus Law LLP….. Special mention about Ms Simmi Kapoor who was handing our litigation cases. She guided us through the whole process in such a way that we could come out of our situation in the most simplified way. I would highly recommend Ms. Kapoor and the whole team at Orcus Law LLP. One best thing about them is that they are so easy to approach and don’t keep you waiting for the replies unlike some other law firms.

jigon v

Highly recommended the Orcus Law LLP to deal the litigation cases. Appreciate Simmi and her staff’s dedication and professionalism.

Sreehari Dhananjayan

I came to know Orcus Law LLP thru my friend. Simmi handled our case and she was very professional and straight forward. She knows what exactly needs to be done and explained process clearly. The entire process was smooth and the case got resolved last week. Her team member Mehak also did a great job with constant follow ups. I was really happy with her service and would definitely recommend to others.

Ilsa Faqar

Simmi is very knowledgeable and amazing… She is professional, knows her stuff and knows how to handle the situation…. very competent and reliable. She was very helpful and responsive to all my questions and concerns… When we found issues during the walk through, she negotiated on our behalf and was there when needed….“Overall, it was a pleasant” “I would highly recommend her.” If you decide have a litigation just go to “Orcus Law LLP” office, talk to “Simmi” and you will never regret it!