How Long Does A Consumer Proposal Last?
Because a consumer proposal is a negotiated debt settlement, how much you pay and for how long depend upon the agreement, or proposal, you put to your creditors. There are some conditions however. The maximum period of time that you can offer to pay a consumer proposal over is five years. However, there is no minimum time frame. If you have the ability to offer to repay a portion of your debt as a one-time…