Baker Tilly Ottawa LLP, 1-888-480-3794
310 Prescott Street, Kemptville, ON K0G 1J0
Kemptville, ON Licensed Insolvency, is your one-stop solution to local bankruptcy assistance.
You are not alone in seeking bankruptcy help.
Nearly 125,000 Canadians file for bankruptcy or consumer proposal every year in Canada.
Baker Tilly Ottawa LLP Kemptville, ON Licensed Insolvency Trustee
Our Professional Credibility
We are a Licensed Insolvency Trustee. The Canadian Federal Government authorizes Licensed Insolvency Trustees to administer insolvency and bankruptcy for their clients.
We have successfully administered hundreds of thousands of bankruptcy and debt cases in our decades of experience.
We also deal with bankruptcy alternatives.
We recommend our clients to consider bankruptcy alternatives before they decide to go ahead with bankruptcy.
It should be considered only as a last resort when no other alternative is available.
The other alternatives include a debt consolidation loan, a debt management plan, and consumer proposal among others.
If you can manage your finances well, you can use your own strategies to reduce your loan.
Your unsecured loans can be combined into a single loan.
This strategy works best when you get sufficient time to pay off your debts with a lower rate of interest.
You can choose to pay in full instead of multiple payments under the debt management plan. You can negotiate to pull down or eliminate the interest costs under this plan.
Most of the people with a sufficiently high loan amount prefer to go for a consumer proposal in order to avoid bankruptcy.
As your trustee, we will negotiate with your creditors to bring down your loan amount within them a manageable limit.
You would have to pay much less to your creditor than you owe them.
You get a period of 3 to 5 years to settle your debt.
The consumer proposal works best if you have a stable source of monthly income.
Our Support to Clients
We support our clients in multiple ways.
We endeavor to find the best solution for you case and take time to study you financial circumstances.
It is only when you give your consent, we move ahead with your proposal.
We do not compel you to take any action which may not convince you.
We discuss various alternatives with you and explain to you the pros and cons of each of these alternatives.
When you are well informed, you can make the most advantageous decision applicable to you.