Having financial difficulties can be a heavy burden on your shoulders that affects both your personal life and how you perform at work. No matter why you are in financial difficulty, we will help you see what is going on, understand your options and guide you through the process while taking into consideration your rights and those of your creditors.
SIf you choose to let us guide you in your consumer proposal or bankruptcy, the Bankruptcy and Insolvency Act will automatically protect you as soon as your file is registered! From that moment on:
After analysing your situation, we may determine that a formal solution is not required to tackle your debt. In that case, we will look into other options and guide you to the best solution or to another professional resource.
Voluntary deposit is a court-managed process that allows basic protection from creditors while debts are being paid. A monthly payment would be calculated by the court using the formula for wage garnishments.
If your financial situation and credit score are not compromised, it may be possible to negotiate a new loan arrangement with a financial institution with better repayment conditions than the ones you currently have.
Sometimes, negotiating directly with a creditor may be an appropriate solution that would be to the advantage of both parties.