1. Help Center
  2. Debt Repayment Options
  3. Division I Proposal (debts over $250,000, excluding principal residence mortgage)

When is a Division 1 Proposal not a viable option?

Similar to a Consumer Proposal, a Division 1 Proposal is not appropriate if you have no ability to make payments or sell assets to satisfy the terms of a proposal.

OR, if you cannot commit to an extended payment plan because of retirement, illness, or otherwise