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Crawford Smith & Swallow

Our Services

Proposal to Creditors

  • A Consumer proposal is simply a repayment plan that is formulated in accordance to the consumer's ability to pay, and provides for a settlement with creditors while avoiding bankruptcy.
  • Usually a portion of the total debt is paid back, without interest, over a maximum period of 60 months.
  • All interest, penalties, garnishments and any other legal actions will be stayed (stopped) upon filing your proposal.
  • A proposal does not impact your credit rating as adversely as a bankruptcy does.
  • For consumers with adequate income or another source of funding, a proposal provides a way to deal with all debts as a whole while avoiding individual creditor demands.

Please contact us to learn more about proposals, or to book a free consultation to discuss your options.