Proposal
We resolve. You restart.
What exactly is a proposal?
- A settlement offer to repay your debt and rebuild a sound financial reputation.
- An alternative to bankruptcy
- A legal process administered by a licensed insolvency trustee (LIT).
The proposal process step-by-step
- Meet with one of our counsellors to assess your financial situation and determine your ability to pay.
- With the LIT, prepare a settlement offer which will be submitted to your creditors. You will then be protected against all collection proceedings.
- When the offer is approved by your creditors, you will only need to make monthly interest free installments.
- Once your proposal is completed, you will be discharged from your debts.
Advantages of the proposal
- Reduces the total amount of debt and simplifies debt management.
- Stops interest accumulation.
- Subject to the approval of your creditors, the amount of your payment is set according to your budget.
- Flexible payback period.
- Two free budget counselling sessions.
- Protects you against certain legal proceedings, including garnishment. Ends collection action by your creditors
Trust Ginsberg Gingras to help you restart
Before requesting debt consolidation, take a free consultation with our professionals. This will allow you to better understand your situation and consider all potential solutions. If debt consolidation turns out to be an option, our licensed insolvency trustees (LITs) will inform you accordingly.
“Whether for businesses or individuals, every situation is unique. Therefore, our solutions are also unique and tailored to each situation.”
Valérie Bruneau
Licensed Insolvency Trustee - Ginsberg Gingras
Need advice?
We will reply within 24 hours or on the next business day.