Consumer Proposal

Although a Consumer Proposal is a debt remedy prescribed by the Bankruptcy & Insolvency Act, it is an alternative to Bankruptcy.  It is a negotiated settlement of a person’s unsecured debt on a no interest basis and, where appropriate, with debt forgiveness.  We analyze your financial situation using information that you provide which includes disclosure as to assets, a monthly budget, and a debt summary.  In a significant number of situations bankruptcy is not an appropriate option.  An offer of settlement is made to your unsecured creditors (credit cards, overdrafts, lines of credit, consolidation loans, income tax debt) which quite often involves repaying a percentage on the dollar through monthly payments over a maximum of five years.  The Trustee will monitor the creditors reaction to your offer and, if necessary, negotiate the Proposal.  A stay of proceedings is invoked on filing a Consumer Proposal wherein creditors are unable to pursue legal action or attempt to enforce collection on the debt.  The purpose of the stay of proceedings is to provide you with a great degree of relief and breathing space to allow you to regain control of your financial life.  Once a Consumer Proposal is filed legal actions stop, garnishments cease and your creditors deal with the Trustee not you.  This remedy is also protective of your assets in that your assets are separated from the general body of creditors and segregated in the Proposal itself.  Any secured debt against these assets is segregated as well.  In order to qualify for a Consumer Proposal remedy, your debt cannot exceed $250,000.00 after mortgages registered against your principal residence.  A Licensed Insolvency Trustee must assist you with this remedy.

Should you choose to file a Consumer Proposal, our goal is to assist you in regaining control of your finances and help you maintain financial stability.  Your Proposal payment must fit within your monthly budget which budget should significantly improve your lifestyle once your struggle with your debts has been alleviated.  As the lending community recognizes the difference between a Consumer Proposal and a personal Bankruptcy your credit rating is less detrimentally affected.  Do not hesitate to contact us should this remedy be of interest to you.

Licensed Insolvency Trustee Serving Ottawa, Brockville, Kingston, & Belleville.

J. Webb & Associates is a full service insolvency and restructuring firm operating in Eastern Ontario.  We assist individuals, sole proprietorship’s, partnerships, and corporations in restructuring their financial affairs and obtaining a fresh start.  We can help you regain control of your budget, address your debts, and provide breathing space so you can get back in control of your financial life.  Our initial consultation is free of charge and focuses on explaining as many options as possible so that you can make an informed decision.  Personal or Business, we can help!  We are The financial problem-solvers  READ MORE…


1140 Morrison Drive, Suite 210
Ottawa, ON K2H 8S9

Phone: 613.820.2100
Toll Free Phone: 1-866.539.3328
Fax: 613.820.8384

What Others Are Saying…

I want to thank you for all you did for me. You are one of the best professionals I ever met. You will be highly recommended to all people in need.

Helen – Ottawa, Ontario

” Thank you Jeff and Your Team for all your hard work in making our experience much less painful then we can ever expect! With your guidance and help, we are now able to get back on our feet and get our financial life back on track. Your professionalism and guidance really helped us through this difficult time in our life and you made the complete experience much easier than we could have expected. Special thanks to Lori and Kaiti for all their help and great service. ”

Steve And – Emer Cornwall, Ontario

Thank you again for helping me. I am happy you were there at the time.

Joanne – Ottawa, Ontario

Thanking you for all the support and hard work, much appreciated!

Lisa Ottawa, Ontario

Thank you so much for what you have done for me. You have made my experience with this a much better one. I will never forget this. Thank you again.

Anne – Belleville, Ontario

Something interesting is happening, every month lately we have a bit more money left over! Amazing! You engineered this, thank you!!

Michael & Elizabeth – Carleton Place, Ontario

I want to thank you so much for helping me through a terrible time, bankruptcy, you made it bearable. No matter what the question you were always there with a friendly answer. Before starting the bankruptcy I was scared, but you put me at ease and helped each step of the way. Lord knows I wouldn’t want to go through this again but if I had to I know you would help. You know what people are going through and care about them. This is rare and what makes you stand out. Thank you, seems all I can say. Just know it is from my heart.

Christine – Picton, Ontario

Thank you for taking time out of your schedule to review my situation. Your advice was amazing. Thanks also to Kaiti and Lori as well. You’re all super!!

Robert – Brockville, Ontario

My husband and I would just like to say thank you for helping us out of the financial mess we got ourselves into. We really do appreciate everything that you and your staff have done for us!

Brenda – Kingston, Ontario

“Jeff and Kaiti, Thank you so much for all you have done for us in making a difficult circumstance transition smoothly. Your professionalism and help put our minds more at ease during this time. You are special people!” –

John & Barbara – Trenton, Ontario

“Thank you so much for all you have done to make a very stressful event so simple. I certainly appreciate it. I cannot thank you enough.” –

Karen – Ottawa, Ontario

A most sincere thank you to you and Jeff for helping me through a rough time. Your support and kindness helped me tremendously.

Patty – Trenton, Ontario