Consumer Proposal Calculator

Estimate what a consumer proposal could cost you versus repaying your unsecured debt in full over the same period. The real amount is set with a Licensed Insolvency Trustee and must be accepted by your creditors — this is an estimate only.

Total unsecured debt ($)

Share of debt offered (%)

Proposal length (months, max 60)

Current average interest rate (%)

Estimated proposal payment: $233/mo
Total repaid in proposal: $14,000
Debt forgiven: $26,000
Repaying in full over 60 months: $1,060/mo · $63,585 total

How the offer is decided

A trustee reviews your income, assets and what creditors would receive in a bankruptcy. Creditors usually expect more than that bankruptcy amount. Interest stops once the proposal is filed, and payments are made to the trustee, not to each creditor.

Read the full consumer proposal guide, compare proposal vs bankruptcy, or find a Licensed Insolvency Trustee.