How long does my consumer proposal last?

The maximum length of a consumer proposal is 60 months (i.e., 5 years). Therefore, your payments to your Licensed Insolvency Trustee must be completed within 5 years.

However, you can pay your proposal off as quickly as you would like – indeed it’s in your best interests to do so. The reason for this will be explained in the next section…

What happens to my assets if I file a consumer proposal? »