Bankruptcy Regina – Licensed Insolvency Trustees
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Bankruptcy Regina, Licensed Insolvency Trustees
When you locate a Licensed Insolvency Trustee in your area you can request a confidential evaluation by phone or set up a FREE confidential consultation at the trustee’s office.
We Offer Bankruptcy Regina Assistance To Anyone Seeking to Get Out of Debt.
We have a team of Regina bankruptcy trustees who are ready to give people who have been considering whether to make a consumer proposal or to go bankrupt to handle their debts a free and no obligation consultation to discuss your debt relief possibilities.
A trustee in bankruptcy in Regina wrote this page to provide valuable information about the Regina insolvency laws so a person considering bankruptcy can make an informed decision about the bankruptcy process and what the laws will allow when they decide to contact one of our trustees to arrange a confidential evaluation.
All trustees listed here on our website are all certified members of the CAIRP (Canadian Association of Insolvency and Restructuring Professionals), and therefore the trustee will have their fees regulated by the government and they have a strict code of ethics that they must follow when dealing with individuals seeking assistance with their debt problems.
The trustee will also provide an initial consultation and can set up payment plan fees of $200 a month for 9 months if you decide to proceed with their services.
Bankruptcy Regina – Bankruptcy and Consumer Proposals:
The bankruptcy law in Regina has several purposes but the main purpose is to give an individual who is trapped in debt a chance for a new start by eliminating their debts and protecting most, if not all, of the individuals’ assets from seizure in the bankruptcy.
Your eligible debt will be eliminated after 9 months in the vast majority of cases and bankruptcy can provide a quick and relatively easy fresh start.
Individuals struggling with debt can also make a proposal to their creditors which can allow you to pay off your debts over a timeframe of 3 to 5 years at favorable terms (for example little or no interest and you generally only will repay around 30% of your debts.)