Sometimes people’s earnings are seasonal, and vary throughout the year. If you know with reasonable confidence when your income goes up and when it goes down, you can take advantage of variable payments, for example, $500 a month from May to October, and $300/month from November to April.
The timing of the higher and lower payments depends largely on the job you have. For instance, if you are a greens keeper at a golf course, your income is highest in the summer, but if you work as an ice rink superintendent, your income is probably highest in the winter. The important point to note in a proposal is that the payment variations can be tailored to suit you and your situation.
We have considerable experience in dealing with creditors, and we specialize in tailoring Consumer Proposals to fit an individual’s specific needs. We want to ensure that any payment plan you are committing to is not so onerous or difficult for you, that it leads to an inability to complete the proposal.
In order for any Consumer Proposal you consider to be successful, it should provide you with a little money left over for you to reward yourself once and a while, even it is just a little bit. One of our Licensed Insolvency Trustees would be happy to sit down with you and help you draft a proposal. So please do not hesitate to contact us.