Etobicoke: 416-486-9660  |   Brampton: 905-789-7788

Consumer Proposal

Consumer proposals are an alternative to bankruptcy. A consumer proposal is a legal agreement between you and your creditors which allows you to repay a portion of the amount you owe to unsecured creditors.

This is what one client had to say about his experience filing a consumer proposal with Ralph Culp:

“My life was in complete shambles as recently as three months ago, but all that radically changed since working with Ralph Culp and Associates! I cannot sufficiently state Mr. Culp’s absolute professionalism in handling my proposal, with zero judgment. Even though my own conduct facilitated my situation and could have been called shameful, I was not once made to feel shame.

If you’re reading this, don’t put off contacting Ralph Culp and Associates. Do it now! I can assure you that you will be pleasantly surprised.”


Niagara Falls ON



Some of the potential perils and misconceptions relating to consumer proposals are:

Choosing to file a consumer proposal over bankruptcy because you think it is going be significantly less damaging to your credit rating is generally a mistake. We don’t think it’s a good idea to file a proposal for this reason.

Many people who file consumer proposals are unaware that the proposal payments are required and that the consequences of not making these payments can be severe. You should never file a proposal unless you know you can make the payments.

People who may find consumer proposals of interest are those who have one or more of the following situations:

  • They have assets they do not wish to give up. The most common asset in this category is real property i.e. a house or land.
  • They have significant surplus income and would have to make a substantial contribution to their bankrupt estate should they elect to file bankruptcy.
  • Bankruptcy would prevent them from renewing licenses relating to their profession.
  • Bankruptcy would have negative effect on immigration matters either contemplated or ongoing.
  • The debtor has some significant concern about becoming bankrupt.
  • Those who have filed a bankruptcy previously may choose to file a consumer proposal in order to avoid the requirements placed on them under the Bankruptcy and Insolvency Act when filing a second or third bankruptcy

If you think a consumer proposal can help give us a call to book a free consultation at one of our three locations in Mississauga, Brampton or Grimsby.