Speak To a Licensed Insolvency Trustee / Consumer Proposal Administrator About Getting Out of Debt in Hamilton, ON
If you’re facing financial problems or you’re struggling to manage your debts, getting specialist help is always advisable.
With advice from a Hamilton licensed insolvency trustee & consumer proposal administrator, you can find out what debt management options are available to you.
What’s more, a Hamilton licenced insolvency trustee can help you to access debt relief services and move towards a new financial future.
Need Help Reviewing Your Financial Situation?
Contact a Licensed Trustee for a Free Debt Relief Evaluation
What is a Licensed Insolvency Trustee?
A licensed insolvency trustee, or LIT, is someone who is licensed by the Superintendent of Bankruptcy in Canada.
As a professional who is federally regulated, a licensed insolvency trustee is permitted to help people and businesses who are struggling with debts.
With a unique insight into both a debtor’s rights and the creditor’s rights, a Hamilton licensed insolvency trustee can help to broker a bankruptcy agreement or consumer proposal that is fair to both parties and respects the rights of each entity.
What are the benefits of using a Licensed Insolvency Trustee?
When it comes to managing your debts, there are lots of individuals and companies that claim to be able to help.
However, not all of them can deliver what they offer.
Firstly, you should only access financial advice from an individual that’s properly licensed, regulated and insured.
When you contact a Hamilton licensed insolvency trustee & consumer proposal administrator, you can be sure they have got the professional credentials required to give you accurate advice.
In addition to this, only certain professionals are permitted to administer specific proceedings.
If you want to be discharged from a bankruptcy, for example, a licensed insolvency trustee will need to manage this process.
While other organizations may claim to be able to act on your behalf, in reality, they will need to instruct a licensed insolvency trustee to do this.
As a result, you could end up dealing with more people than you need to or even paying unnecessary fees in order to resolve your financial situation.
By contacting a Hamilton consumer proposal administrator and licensed insolvency trustee from the outset, you can gain access to a full range of debt relief services.
With detailed advice regarding every possible option, you’ll have all the information you need to make a decision that’s right for you and your family or your business.
With a clear plan of action in place, a Hamilton licensed insolvency trustee can get the ball rolling without any delay.
As a LIT is qualified and permitted to instigate insolvency proceedings, you can be confident that the process will be managed as quickly and efficiently as possible.
Furthermore, licensed insolvency trustees specialize in helping people who are experiencing financial problems.
This means they have a unique insight and understanding of what you’re going through.
Their detailed knowledge, empathetic approach and practical skills can give you the confidence, support and assistance you need to overcome your debt problems once and for all.
What is a Consumer Proposal Administrator?
To understand the role of a Hamilton consumer proposal administrator, it’s necessary to determine exactly what a consumer proposal is.
As an alternative to filing for bankruptcy, a consumer proposal allows you to enter into an agreement with your creditors to pay back part of the debt you owe.
The amount you propose to pay back will be based on your income and your assets, but it won’t be the full amount of the debt.
This means that you can eliminate your outstanding debts by only paying back a proportion of what you owe.
However, you can’t enter into a consumer proposal alone.
Instead, a consumer proposal administrator must handle the process for you.
This is why it’s important to seek help from a team of licensed and regulated professionals.
Not every organization claiming to offer debt relief services has the capabilities to act as a consumer proposal administrator, which means you could miss out on a range of debt management options.
By choosing to work with a Hamilton licensed insolvency trustee & proposal administrator, however, you can be sure that you’ll have access to expert advice, a wide range of debt relief services and professional support.
Talk to a Hamilton Licensed Insolvency Trustee Today
At Bankruptcy Canada, we work with thousands of people every year to help them find the best debt management solution.
We routinely help people, families and businesses in Hamilton and surrounding areas, so why not find out how we could assist you too?
Contact us now on (877) 879-4770 and start your journey to being debt-free today.
Information on Consumer Proposals
Consumer Proposals in Canada – An Alternative to Bankruptcy
What is a Consumer Proposal?
What are the Benefits of a Consumer Proposal?
What are the Steps in a Proposal?
What Debts Are Erased in a Consumer Proposal?
Is There Life After a Proposal?
Consumer Proposal Eligibility
How to Amend a Consumer Proposal