Depending on your financial situation, some people may inquire about a consumer proposal instead. With a consumer proposal, your debts can be consolidated into one simple monthly payment made to the Trustee. A Consumer Proposal generally avoids the loss of secured assets, or assets that might otherwise be lost in a bankruptcy, which can be an appealing choice for those who has assets they don’t want to give up. The consumer proposal option might not work for everyone, but it is an option you should discuss with your Licensed Insolvency Trustee.