Consumer Proposals

One of the best approaches to providing debt relief and positioning yourself for a the future. Consumer proposals are legally binding agreement with your creditors that puts a stop to wage garnishments and calls from debt collectors. It consolidates your debts, freezes interest charges and protects the assets you do have from seizure. Consumer proposals provides an agreement between you and your creditors for a payment over a period of time of a portion of what you owe and forgiveness of the balance of the debt you owe.

Credit Counselling

This is a voluntary agreement between you and the creditors to reduce your monthly payments to a more manageable about. An agreement is made with us who work with your creditors on your behalf to lower interest costs with creditors who participate. Typically there is no reduction in the total principal and this does not effect your credit.

 Consolidation Loans

If you have a good credit score but are overburden by debt payments you may qualify for a Consolidation Loan allowing you to pay off a number of unsecured debts and other liabilities by combining them into one larger debt with more favourable pay-off terms, lower interest rates and lower monthly payments.

Bankruptcy

Governed by the Bankruptcy and Insolvency Act, bankruptcy is a formal process whereby debtors who cannot meet their obligations sign over all of their assets—except those exempt by law—to a Licensed Insolvency Trustee (LIT). The LIT's role includes selling off those assets to satisfy outstanding debts.