Our Bankruptcy Mackenzie trustees are able to provide individuals in Mackenzie, who are considering going bankrupt or making a consumer proposal, the information they need to feel comfortable about how to handle their debts.
Contact a Bankruptcy Mackenzie trustee who can provide you with a FREE confidential and no risk bankruptcy evaluation by calling 888-224-3394.
Mackenzie Bankruptcy Trustees: The Mackenzie trustees that are listed on this page are members of the Canadian Association of Insolvency and Restructuring Professionals (CAIRP). CAIRP members must follow strict ethical and professional standards.
We will be pleased to provide a free initial consultation to discuss your needs in private and our trustees will be happy to set up a monthly payment agreement with you if necessary.
Mackenzie Bankruptcy Trustees- bankruptcy and consumer proposals explained:
Bankruptcy law allows for a fresh start by eliminating debt and protecting debtors from creditor harassment; bankruptcy provides a relatively quick and easy start to a fresh financial life. Most people keep all their assets and are out of bankruptcy in nine months, at a cost of $1,800 payable at the rate of $200 a month for nine months.
A consumer proposal is for someone who doesn’t want a bankruptcy on their record and wish to keep assets that might be lost in a bankruptcy. When filing a consumer proposal an individual is able to repay a portion of their debts over three to five years.
In a proposal, most individuals repay approximately 30 to 50 % of their debts.