Consumer Proposal In Montreal, An Alternative To Bankruptcy

Consumer Proposal In Montreal, An Alternative To Bankruptcy

The Consumer Proposal

A consumer proposal is an alternative to bankruptcy. This is actually a new contract between you and the creditors to allow you to pay down your debts through a monthly installment (spread over a maximum period of 5 years) established within your ability to pay. This alternative is for individuals whose total debts do not exceed $250,000 (excluding mortgage debt). Groupe Serpone can help you with this procedure.

The Benefits of the Consumer Proposal

  • Bankruptcy is avoided
  • Creditors cease harassment, legal procedures and attempts to seize property, furniture and wages
  • You make only one payment per month, within your budget
  • You keep all your assets (house, car, etc.)
  • You are protected from service interruptions by utilities (telephone, electricity, gas, etc.)
  • Interest ceases upon the filing of the proposal
  • Trustee fees are included in your monthly payment.


For more information, call us!