Bedford Bankruptcy Trustees
When people are in financial difficulty, they often feel alone. You are not alone! In 2016 there were 126,000 bankruptcies and consumer proposals filed in Canada. Of these, 63,000 were consumer proposals and 63,000 were bankruptcies.
Our Bedford Bankruptcy Trustees can help you on a path to a better financial future.
Asking for help is the hard part, but it is better to look at your options sooner rather than later. Talking to a trustee does not mean you are going bankrupt – we will review all your options and can often help people find solutions to avoid bankruptcy.
We understand that people require our help for many reasons. Job loss, divorce or ever increasing living expenses are just a few. We are committed to helping you back on to a path of financial stability through debt relief, credit counselling, proposals to creditors or bankruptcy.
Our Bedford Bankruptcy Trustees will show you how the most popular options (Bankruptcy and Consumer Proposals) can help you.
As soon as you file a bankruptcy or a consumer proposal the following protections goes into effect:
- Your unsecured creditors cannot take steps to collect on their debt;
- Collection calls will stop;
- Interest on the debt ceases;
- Wage garnishees in place or contemplated will stop.
Filing personal bankruptcy will stop creditor collection attempts, protect you from wage garnishments and help you get out of debt by eliminating all of your eligible debts in as little as 9 months. In the vast majority of cases a person filing bankruptcy keeps all his assets, and pay the minimum of $1,800 at the rate of $200 a month for nine months.
People, who want to avoid bankruptcy or keep assets that might be lost in a bankruptcy, can file a consumer proposal. Under a consumer proposal, you can repay a portion of your debt (usually about 30 to 50 percent) to your creditors. A consumer proposal can last a maximum of 5 years.
Call us today to book your FREE consultation.