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The good people of Erin Mills may consider Mississauga consumer proposals from a Licensed Insolvency Trustee in bankruptcy as an effective means to address their debt settlement. The Bankruptcy & Insolvency Act presents two recommended methods to overcome debt, the first is personal bankruptcy and the other choice is a proposal. Understanding What a Consumer Proposal Can Do A proposal is normally a settlement deliberated with creditors through the aid of a licensed Licensed Insolvency Trustee in Bankruptcy Mississauga or licensed consumer proposal administrator approved by the court. It is an legal contract which generally grants instant protection from creditors and also debt collection companies.