Proposal With Decreasing Payments:

Individuals may be working two jobs or approaching retirement, where a portion of their future income will be disappearing, and they will not be able to make the same payment over an extended period of years.

In cases such as these, you may start your proposal off with a larger payment, and reduce it when your pension kicks in, or you can no longer continue working a second or part time job. For example, you may offer to pay $600 a month for the first three years of your proposal, reducing it to half of that, or $300 a month when you go on pension.

We have considerable experience in dealing with creditors, and we specialize in tailoring Consumer  Proposals to fit an individual’s specific needs. We want to ensure that any payment plan you are committing to is not so onerous or difficult for you, that it leads to an inability to complete the proposal.

In order for any Consumer Proposal you consider to be successful, it should provide you with a little money left over for you to reward yourself once and a while, even it is just a little bit. One of our Licensed Insolvency Trustees would be happy to sit down with you and help you draft a proposal. So please do not hesitate to contact us.