You are protected when dealing with our Bankruptcy Carbonear Trustees:
Trustees and their fees are regulated by the government, so the cost of a bankruptcy and a consumer proposal will be the same regardless of the trustee you use;
Trustees are the most highly trained and educated Debt Consultants in Canada;
Almost all trustees have both an accounting designation and a university degree;
In addition, all must complete and pass a rigorous three-year bankruptcy and law course and be investigated by the RCMP before being granted a trustee license;
Ongoing professional development is mandatory.
Bankruptcy Carbonear Trustees:
The first step to dealing with a severe financial problem is recognizing that you have a problem and identifying that you have options! These could include debt consolidation, budget changes, credit counseling, consumer proposal to creditors, or bankruptcy.
We will explain how bankruptcy works, which in most cases lasts only nine months. The vast majority of people, who file bankruptcy, keep all their assets and pay the minimum costs of $1,800 at the rate of $200 a month for 9 months.
We will also show you how a consumer proposal will allow a person to avoid bankruptcy and pay only a portion of what is owed and retain all assets, even ones that might be lost in a bankruptcy. You can end up paying 50% or even 30% of your debts.
You can get an understanding of how bankruptcy and consumer proposals work by reading this article. and the following: