Hi Trent,
Consumer Proposal calculators can be a little tricky as I am not sure what each firm uses to compute the total recovery.
A consumer proposal is a repayment plan or settlement to your unsecured creditors. What motivates the creditors to accept the repayment plan usually depends on the minimum recovery in a bankruptcy scenario. The process requires a review of assets you own and income you are currently earning or anticipate to earn. Therefore, just knowing what a person owes isn’t enough to compute an estimated amount for you to offer to your creditors.
The consumer proposal process is regulated by a federal act, therefore, there isn’t a difference with the administration from province to province.
I suggest that you contact our office at 310-8888 and one of our professionals would be happy to gather a little bit more information and discuss a possible consumer proposal with you. Filing a previous bankruptcy does not affect the ability to file a proposal and we will review the differences with you as well.
Regards,
Susan