Get your smile back with
a Consumer Proposal
At Groupe Nantel, we can help you find your best debt relief solution. The consumer proposal, an alternative to personal bankruptcy, is often the best way to be on your way towards a debt free new beginning.



What is
a consumer proposal?
A consumer proposal is a solution that allows you to repay a portion of the debt you owe by coming to an agreement with your creditors to pay a consolidated monthly payment. Consumer proposals are gaining popularity in Canada recently as they help a person to settle their debt for less than they owe and enables them to keep their assets including their home and car.
This solution provides a manageable way of paying off your debt without borrowing or interest charges. Most often, the negotiated arrangement with creditors will represent between 20% and 45% of your debts.
- You have one reasonable payment per month and no interest to pay.
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Upon filing, the consumer proposal stops calls from creditors and wage garnishments.
- Allows you to retain all of your assets, as long as payments to the secured lenders are up-to-date (mortgage and vehicle loan).
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Provides more flexibility than bankruptcy. If your situation improves you may pay down your consumer proposal amount more quickly and start to rebuild your credit score.
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It is possible to complete the execution of a consumer proposal in as little as two to three months.
What are the consumer proposal advantages?
The main advantages of the consumer proposal are as follows:
- Initial assessment: review your financial situation including a discussion about the advantages and obligations of the different debt relief solutions.
- Official documents: after signing the official consumer proposal documents, we submit these to the government and notify your creditors.
- Proposal acceptance: creditors have 45 days to accept the proposal as is or if they ask for changes, we will assist to negotiate a reasonable outcome.
- Financial advice: we provide you with two counselling sessions to help you to manage your finances.
- Completion and new start: We will complete your certificate of full performance of the consumer proposal and you are ready for a financial fresh start.
What are the steps?
The consumer proposal will help you gain control of your budget.
Once you have decided to move forward with this solution, we can provide a quick service to have it started.
Additional consumer proposal information.
It is important not to accumulate three late payments, alternatively your proposal will be deemed annulled. If you have co-signed loans, make sure to inform us as it could have a significant impact on our recommendations.
When you file a consumer proposal, you are required to attend two mandatory financial counselling sessions to obtain your certificate of full performance of the consumer proposal.
Your financial fresh start
begins today.
Book a free consultation using the form below to discover how.