How to File a Consumer Proposal in Ontario

You simply book a meeting with us and we do the rest!
david sklar debt relief consumer proposal how to file

How do I file a consumer proposal? 

Are you wondering how to file a consumer proposal in Ontario? It doesn’t require much effort on your part! You simply book a meeting with us and we do the rest! We look at your situation, file the paperwork, negotiate a settlement, and manage all of the details. After things have been processed, you simply show up for your credit counselling appointments and make your monthly payments. 

What to expect from our supportive staff

Our business is built on exceptional customer service, we want you to know that we are focused on solving our customer’s debt problems and we will do everything in our power to insure we exceed your expectations.

We are here for you when you’re ready to live your best life debt free!

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The steps of filing a Consumer Proposal

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1. Meet with our Licensed Insolvency Trustees

Your Licensed Insolvency Trustee (LIT) will discuss your current financial situation and review your financial documents.

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2. Create a draft of the proposal

We work with you to create a proposal that includes repayment terms you are able to manage, and that are mutually beneficial to you and your creditors.

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3. Prepare the official documents

Once your trustee has reviewed your finances and determined what you can afford to repay, they will prepare all the necessary documents.  These documents will outline how much debt you are able to repay, what your monthly payments will be and how long you will take to pay it back.

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4. File your consumer proposal

Your consumer proposal will be submitted by your LIT for review. Once your proposal is submitted creditor protection takes effect. This means all wage garnishments, lawsuits, and collection calls are stopped immediately.

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5. Creditors review, vote & approve 

Your creditors are notified about the submitted consumer proposal and have 45 days to respond. They may request meetings to vote on the proposal.

The Consumer Proposals filed by David Sklar & Associates have very close to a 100% success rate.

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6. Fulfill the terms of your proposal

Your one low monthly payment will be made directly to David Sklar & Associates. We will then disperse those funds to your creditors on your behalf for the length of the agreed-upon terms.

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7. Rebuild your credit score

Start the process of rebuilding your credit. This can begin even while you are fulfilling the terms of your proposal. Learn how using a secured credit card can start improving your credit score.

Getting into debt is easy. Getting out is a different story.

But it's still possible!

Did you know there is a Debt Program federally regulated by the Canadian Government, designed to help citizens avoid claiming bankruptcy? This amazing program can only be administered by a Licensed Insolvency Trustee (LIT).

If you’re struggling to make your payments every month and creditors won’t stop calling, we can help.

What our clients are saying.

Based on 774 reviews
Jerry was professional and was easy to deal with
00:09 11/29/22
I was quite nervous and a little embarrassed that I needed financial advice. I met with Jerry Janiec and he was very helpful. He made me feel comfortable and explained everything in easy to understand terms so that I understood what my options were. I would recommend David Sklar & Associates for anyone in my position.
19:53 11/17/22
I was fortunate enough to be referred to David Sklar & Associates Inc. by a family member. Now in the10th month of a Consumer Proposal process, I am very impressed with the organization, professionalism and impeccable customer representation that I have experienced. To this effect, I amparticularly thankful to Jerry Janiec and Rhoda Lewis for their excellent work.
12:21 11/16/22
Recently dealt with Christine at David Sklar & Assoc. and worked out a Consumer Proposal to put forth to my creditors for my Credit Card debt. She was very courteous, professional and put me at ease with a proposal that I can afford on a monthly basis, which will eliminate my debit in a reasonable timeframe. I would recommend Christine and this firm in a heartbeat. Very happy with the service and attention I got !!
01:59 11/15/22
Excellent customer service. Special thanks to Olga for being prompt and helpful. She’s a star. Bibi is helpful as well. Great agency to work with.
19:28 11/14/22
After seeing your commercial play on CP24, I realized that it addressed all the questions and concerns I had about my financial situation. It all started with my one phone call to your office. I had the extreme pleasure of working with Cori Naron at your St. Clair West office in September 2022. She took the time to explain what my options were knowing that it was a very stressful situation with my debt load. She made me feel at ease with my decision to file a consumer proposal and outlined the benefits to me. She is thorough and her attention to detail is outstanding. While it takes a little while to reap the benefits of making this hard decision, she took the time to reassure me that it was in my best financial interest. Well done David Sklar & Associates for having such an amazing representative at your company and for allowing me to "get a fresh start"!
14:31 11/14/22
Very highly perfection individual, well executed and greatly knowledgeable in his work, which guided me me the right decisions making opportunities. Thank you.Sincerely, Peter Romasz
20:18 11/13/22
Trina Powell was very helpful and made the process very easy. Thanks again for all your help.
17:59 11/06/22
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We are David Sklar

Our team of Licensed Insolvency Trustees in Ontario can help you get out of debt and in control of your own financial future. We’ve helped thousands of people and we can help you too. 

We know this is stressful, but you're not alone.

It’s going to be okay.
Book your free consultation today. We’ll do the rest.