---
title: Is there a debt limit when filing for a Consumer Proposal?
description: The debt limit when filing for a Consumer Proposal is $250,000 (excluding the mortgage on your principal residence)
---

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2. [Consumer Proposals](https://knowledge.bnadebtsolutions.ca/knowledge/consumer-proposals?hsLang=en)
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# Is there a debt limit when filing for a Consumer Proposal?

## The debt limit when filing for a Consumer Proposal is $250,000 (excluding the mortgage on your principal residence)

If you owe less than $250,000 (excluding the principal residence mortgage), then you are eligible to file a Consumer Proposal. Otherwise, you are required to file a Division I Proposal.

- [Consumer Proposals](https://knowledge.bnadebtsolutions.ca/knowledge/consumer-proposals?hsLang=en#main-content)

    - [Assets](https://knowledge.bnadebtsolutions.ca/knowledge/consumer-proposals?hsLang=en#assets)
    - [Cost and payments](https://knowledge.bnadebtsolutions.ca/knowledge/consumer-proposals?hsLang=en#cost-and-payments)
    - [Other](https://knowledge.bnadebtsolutions.ca/knowledge/consumer-proposals?hsLang=en#other)
    - [Credit Cards](https://knowledge.bnadebtsolutions.ca/knowledge/consumer-proposals?hsLang=en#credit-cards)
    - [Taxes](https://knowledge.bnadebtsolutions.ca/knowledge/consumer-proposals?hsLang=en#taxes)
    - [Mortgages](https://knowledge.bnadebtsolutions.ca/knowledge/consumer-proposals?hsLang=en#mortgages)
    - [Debts](https://knowledge.bnadebtsolutions.ca/knowledge/consumer-proposals?hsLang=en#debts)
- [Personal Bankruptcy](https://knowledge.bnadebtsolutions.ca/knowledge/personal-bankruptcy?hsLang=en#main-content)

    - [Assets](https://knowledge.bnadebtsolutions.ca/knowledge/personal-bankruptcy?hsLang=en#assets)
    - [Cost and Payments](https://knowledge.bnadebtsolutions.ca/knowledge/personal-bankruptcy?hsLang=en#cost-and-payments)
    - [Length of Bankruptcy](https://knowledge.bnadebtsolutions.ca/knowledge/personal-bankruptcy?hsLang=en#length-of-bankruptcy)
    - [Other](https://knowledge.bnadebtsolutions.ca/knowledge/personal-bankruptcy?hsLang=en#other)
    - [Credit Cards](https://knowledge.bnadebtsolutions.ca/knowledge/personal-bankruptcy?hsLang=en#credit-cards)
    - [Taxes](https://knowledge.bnadebtsolutions.ca/knowledge/personal-bankruptcy?hsLang=en#taxes)
    - [Mortgages](https://knowledge.bnadebtsolutions.ca/knowledge/personal-bankruptcy?hsLang=en#mortgages)
    - [Debts](https://knowledge.bnadebtsolutions.ca/knowledge/personal-bankruptcy?hsLang=en#debts)
- [Debt Repayment Options](https://knowledge.bnadebtsolutions.ca/knowledge/debt-repayment-options?hsLang=en#main-content)

    - [Do Nothing](https://knowledge.bnadebtsolutions.ca/knowledge/debt-repayment-options?hsLang=en#do-nothing)
    - [Debt Consolidation Loan](https://knowledge.bnadebtsolutions.ca/knowledge/debt-repayment-options?hsLang=en#debt-consolidation-loan)
    - [Informal Agreement with Creditors](https://knowledge.bnadebtsolutions.ca/knowledge/debt-repayment-options?hsLang=en#informal-agreement-with-creditors)
    - [Debt Management Program (DMP) - Offered through Credit Counselling Society](https://knowledge.bnadebtsolutions.ca/knowledge/debt-repayment-options?hsLang=en#debt-management-program-dmp-offered-through-credit-counselling-society)
    - [Orderly Payment of Debts (OPD) - Offered through Money Mentors](https://knowledge.bnadebtsolutions.ca/knowledge/debt-repayment-options?hsLang=en#orderly-payment-of-debts-opd-offered-through-money-mentors)
    - [Consumer Proposal (debts less than $250,000, excluding principal residence mortgage)](https://knowledge.bnadebtsolutions.ca/knowledge/debt-repayment-options?hsLang=en#consumer-proposal-debts-less-than-250000-excluding-principal-residence-mortgage)
    - [Division I Proposal (debts over $250,000, excluding principal residence mortgage)](https://knowledge.bnadebtsolutions.ca/knowledge/debt-repayment-options?hsLang=en#division-i-proposal-debts-over-250000-excluding-principal-residence-mortgage)
    - [Bankruptcy](https://knowledge.bnadebtsolutions.ca/knowledge/debt-repayment-options?hsLang=en#bankruptcy)

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