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Once you decide that a consumer proposal makes the most sense, you will need to find out whether you qualify to apply for a consumer proposal. As mentioned earlier, you must be insolvent, you cannot be a business, and your debts (other than the mortgage on the home you live in) have to be less than $250,000. There are a couple of other restrictions that apply if you have previously filed a proposal for debt relief through a bankruptcy trustee.
If you meet the eligibility requirements for a consumer proposal, you and your trustee will collect the documentation needed to complete the filing forms.
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