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4 Pillars

Why would the banks agree (vote yes) to a Consumer Proposal?

Banks are willing to accept the payment plan proposed through a Consumer Proposal because it allows them to realize a more substantial return than if you were to file a Bankruptcy. It also allows you to show restitution to the creditors and pay back what is affordable. The customers we help are honorable debtors who have been struggling to repay their debt for a long time. By the time you’ve filed a Consumer Proposal, creditors have usually already recovered the amount borrowed as well as a large amount of interest.

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