DebtNew

Consumer proposals explained (Office of the Superintendent of Bankruptcy)

For: Anyone in Canada thinking about a consumer proposal.

Free. Never pay anyone to apply.

Find it on the official site Send to someone who needs this Checked on October 5, 2026 on the official page

What you get

The Government of Canada's plain explanation of a consumer proposal: an offer to pay creditors part of what you owe, or over more time, for up to five years, arranged by a Licensed Insolvency Trustee. Open to people with debts up to $250,000, not counting a mortgage on your home.

Guide in Canada-wide.

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Details

How to reach them

Read the guide.
Tell them what you need.
Come back here and tell us if they answered.

Where else they are

Their website is ised-isde.canada.ca/site/office-superintend....

Good to know

For whomAnyone in Canada thinking about a consumer proposal.
CostFree
LanguagesEnglish, French

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We read this on their own website on October 5, 2026. Read from: ised-isde.canada.ca/site/office-super....

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