Here is what everyone needs to know about Debt Pooling vs. Consumer Proposal administered by Westgeest & Associates, your federal government (gov» t) Licensed Insolvency Trustee, acting as
Consumer Proposal Administrator under well regulated, monitored federal gov» t debt relief, financial restructuring legislation:
Licensed by the federal government of Canada, the following bankruptcy Alberta trustees and
consumer proposal administrators offer free initial consultations in 26 locations throughout Alberta.
Guest Commentary by Douglas Hoyes, BA, CA, CBV, CIRP, Trustee in Bankruptcy,
Consumer Proposal Administrator Over the years I have met with thousands of people, and in almost all cases they want to deal with their debts, but they don't know where to start.
A federally licensed
consumer proposal administrator does not charge up front fees, so if you're ever asked for an upfront fee, the odds are you're not dealing with a legit company.
You may want to contact a Bankruptcy Trustee or
Consumer Proposal Administrator who will help assess the debt issues to determine the best course of action for each individual based on their income situation after the separation.
A consumer proposal in Canada as a negotiated debt settlement arrangement made between a debtor and his creditors through a licensed
Consumer Proposal Administrator under the Bankruptcy and Insolvency Act.
Initially you will meet with
a consumer proposal administrator to evaluate your situation and determine if a consumer proposal is the right option for you.
A consumer proposal is a legal debt relief solution filed with
a Consumer Proposal Administrator to settle your debt for less than you owe and avoid bankruptcy.
Richard Quinney is a Licensed Insolvency Trustee,
Consumer Proposal Administrator, and Chartered Professional Accountant managing our Barrie office.
In Canada the only person who can be
a consumer proposal administrator is a Licensed Insolvency Trustee (formerly called a bankruptcy trustee in Canada).
Your LIT or
consumer proposal administrator is paid out of the amount you agree to pay your creditors.
Joel Sandwith is a Licensed Insolvency Trustee,
Consumer Proposal Administrator and experienced Credit Counsellor managing our London and Sarnia offices.
It's an arrangement that's negotiated with your creditors through
a consumer proposal administrator (who is also a Licensed Insolvency Trustee).
Doug is our co-founder and is a Licensed Insolvency Trustee,
Consumer Proposal Administrator, certified Insolvency Counsellor and Chartered Professional Accountant.
A consumer proposal must be filed through a Licensed Insolvency Trustee acting as
a consumer proposal administrator.
Insolvency and debt management services in our Toronto Yonge and Bloor office are provided by Licensed Insolvency Trustee and
Consumer Proposal Administrator, Sandra Sykora.
Jason Quinney is a Licensed Insolvency Trustee and
Consumer Proposal Administrator.
Ted is our co-founder and is a Chartered Professional Accountant, certified Insolvency Counsellor, Licensed Insolvency Trustee,
Consumer Proposal Administrator, and the President of Hoyes, Michalos & Associates Inc..
Nicholas To is a Chartered Insolvency & Restructuring Professional, Licensed Insolvency Trustee and
Consumer Proposal Administrator.
Alison Petrie is an experienced Licensed Insolvency Trustee,
Consumer Proposal Administrator, and Chartered Professional Accountant who manages our Oshawa location.
A consumer proposal in Ontario is a legally binding, negotiated debt settlement made between you and your creditors with the assistance of
a consumer proposal administrator.
Here you can get free help & advice from some of Canada's best and most experienced Licensed Insolvency Trustees and
consumer proposal administrators.
Jeff is a Chartered Professional Accountant, Licensed Insolvency Trustee,
Consumer Proposal Administrator, Certified Insolvency Counsellor; and meets with clients in our St. Catharines and Niagara Falls offices.
Shannon is a Licensed Insolvency Trustee and
Consumer Proposal Administrator, helping individuals with their debt problems in our Ottawa location.
Julie Wildman is a Chartered Professional Accountant, Licensed Insolvency Trustee and
Consumer Proposal Administrator.
If accepted, you make payments to Hoyes, Michalos (
the Consumer Proposal Administrator) who in turn makes payments to the creditors according to the terms of the consumer proposal.
I'm Doug Hoyes and today I'm joined by Jason Quinney, who's a Bankruptcy Trustee and
Consumer Proposal Administrator.
Ian Martin is a Chartered Professional Accountant,
Consumer Proposal Administrator, and Licensed Insolvency Trustee in our Kitchener and Stratford locations.
Doug Hoyes: And just on that point, since this obviously is my area, as soon as a proposal is completed as the trustee,
the consumer proposal administrator, we do a final statement or a statement of receipts and disbursements, we issue a certificate of completion.
RELATED TERMS: Division I Proposal, Bankruptcy and Insolvency Act, Consumer Proposal Administrator
Once you have made all required payments and completed your duties in a proposal,
your consumer proposal administrator will issue to you and the creditors a Certificate of Full Performance, which officially discharges the debts included in your proposal.