Know your rights before talking to licensed Insolvency trustee
STEVE TALWAR
TRUSTED CREDIT CONSULTANT SINCE 2001
Consumer Proposal
Consumer proposals are legal abiding debt settlement agreements, which are filed with a licensed insolvency trustee, to pay back creditor a certain percentage of what you owe in interchange for complete debt forgiveness.
Payment of proposals are interest-free and could be spread out over a maximum of five years. To this effect, this can result in about 50-70% of savings, condition applies. Your terms of payment depend on the negotiation between what you can afford to pay and what your creditor expects to get. Acting as an administrator for consumer proposal, your licensed insolvency trustee will meet you to help determine how much you have to offer and evaluate your financial condition.
We are experienced credit consultants who will explain you the process in common man language and then will represent you in front of a licensed insolvency trustee like to complete the application and signing assignment as per the legal process.
What kind of Debt will a Proposal Consolidate?
Avoids Bankruptcy
Filing a consumer proposal in Canada is one of the best and convenient ways to avoid bankruptcy. Even bankruptcy and consumer proposals offer relief from debt. Apart from avoiding bankruptcy it also helps you to retain your assets.
Keep Your Assets
Customized Solutions
Now, retain your important assets such as your home, car, retirement savings etc. Individuals looking to protect their property while reducing debt may opt for consumer proposals. So, you can get back on track financially without losing what matters most to you.
Get Flexible Repayment Plan
When it comes to repayment then many of the individuals stuck into this. You get more flexibility which is a major key benefit. Even if you’re residing in Edmonton and seeking for consumer proposal in Edmonton too then you can consult with us.
Get Rid of All Debts
Now tackle multiple kinds of debts with a consumer proposal process that helps to address a wide range of debts such as personal loans, credit card balances etc. A consumer proposal does not cover secured debts such as mortgages, car loans and student loans.