Sentences with phrase «by licensed insolvency trustee»

Before you file a bankruptcy or a consumer proposal, you are required to be personally assessed by a licensed insolvency trustee, like me.

The bankrupt is also required to attend two financial counselling sessions conducted by a Licensed Insolvency Trustee (LIT) or government licensed credit counsellor.

All of the steps in the previous section (with the exception of the upfront fee contract) from reviewing your budget and financial situation, to helping you review all your options, and preparing the paperwork will be done by a licensed insolvency trustee for free.

Both procedures can only be done by a licensed insolvency trustee.

A consumer proposal in Ontario must be administered by a Licensed Insolvency Trustee, one who is regulated by the Superintendent of Bankruptcy, so you know that you will be protected and treated fairly in the process.

The truth is, only a consumer proposal administered by a licensed insolvency trustee can deliver on these promises.

Under bankruptcy law, an RRSP can not be seized by a licensed insolvency trustee except for contributions made in the last year.

One of the steps taken by your licensed insolvency trustee is a full review of your assets, liabilities, income and expenses.

Our Burlington bankruptcy office is managed by Licensed Insolvency Trustee Billy Martell with the support of certified Credit Counsellor, Wendy Young.

In Vaughan (Woodbridge), our debt management services are provided by Licensed Insolvency Trustee Jason Quinney.

Below is a comparison of key points of differentiation between using a Consumer Proposal filed by a Licensed Insolvency Trustee, and using a non-profit credit counselling service:

A consumer proposal is a legal process administered by a Licensed Insolvency Trustee.

These documents will be filed electronically by the Licensed Insolvency Trustee with the Official Receiver after which they will receive a Certificate of Appointment which will contain your Estate Number and Date of Bankruptcy or Proposal.

KITCHENER, ONTARIO, February 12, 2018 — Payday loan use among heavily indebted Ontarians continues to escalate, as research conducted by Licensed Insolvency Trustee firm Hoyes, Michalos & Associates Inc. reveals that 3 in 10 (31 %) insolvencies in Ontario in 2017 involve payday loans, up from 27 % in 2016.

A consumer proposal can only be filed by a Licensed Insolvency Trustee acting in their capacity as a Consumer Proposal Administrator.

Both, Bankruptcy and a Consumer Proposal need to be filed by a Licensed Insolvency Trustee (LIT) and have similar benefits: Eliminate debt and get a fresh start.

This process can only be administered by a Licensed Insolvency Trustee.

These assets are called bankruptcy exemptions, because they are exempt from seizure by your Licensed Insolvency Trustee.

Both, Bankruptcy and a Consumer Proposal need to be filed by a Licensed Insolvency Trustee (LIT) and have similar benefits:

Insolvency and debt management services in our Toronto Yonge and Bloor office are provided by Licensed Insolvency Trustee and Consumer Proposal Administrator, Sandra Sykora.

All of this can only be administered by a licensed insolvency trustee.

Hoyes, Michalos & Associates Inc. was founded in 1999 by Licensed Insolvency Trustees Douglas Hoyes and Ted Michalos to provide personalized service to help you gain a fresh financial start.

All our Toronto bankruptcy locations are staffed by Licensed Insolvency Trustees and certified credit counsellors.

Hoyes, Michalos & Associates Inc. was founded in 1999 by Licensed Insolvency Trustees Douglas Hoyes and Ted Michalos to provide personalized service to help you gain a fresh financial start.

Not exact matches

As Licensed Insolvency Trustee (also known as bankruptcy trustees) regulated by Industry Canada, we provide free initial consultations to explain all your debt relief options, including credit counselling, debt settlement, debt consolidation, consumer proposal and personal bankruptcy.

It is important to know that this initial assessment is free and you are not committed to anything by talking with a licensed insolvency trustee about your situation.

By law, only a Licensed Insolvency Trustee may administer a consumer proposal.

The Bankruptcy and Insolvency Act (BIA) is the legislation by which licensed trustees administer bankruptcy files.

The legal procedure allows you to settle your financial obligation for less than you owe with the help of a gov» t Licensed Insolvency Trustee, by discussing, formulating and implementing a compromise (deal) with your creditors while under court protection preventing them from exercising their normal rights everything stops, including collection action unless specifically exempted, like child support.

If you live in Alberta and are considering bankruptcy we suggest you contact one of the following Licensed Insolvency Trustees in Alberta — the experts on Alberta bankruptcy law, by e-mail or by phone, to fully review your situation.

A licensed insolvency trustee (previously called a bankruptcy trustee) is regulated by the Office of the Superintendent of Bankruptcy.

Some adapt by making only the minimum monthly payments on credit cards, which leads to a downward debt spiral, a journey that often ends with seeking assistance from a Licensed Insolvency Trustee.

By approaching a Licensed Insolvency Trustee, you begin the process of declaring bankruptcy.

The City of Hamilton is contemplating more regulation of payday loan lenders, so if you are going to go down the regulation route, the list of resources must include links to the only professionals that are actually regulated and licensed by the federal government to provide legally binding debt relief, and that's licensed insolvency trustees.

A Licensed Insolvency Trustee is a person licensed by the Superintendent of Bankruptcy to administer consumer proposals and personal bankruptcy prLicensed Insolvency Trustee is a person licensed by the Superintendent of Bankruptcy to administer consumer proposals and personal bankruptcy prlicensed by the Superintendent of Bankruptcy to administer consumer proposals and personal bankruptcy processes.

If you're in the latter category, and are struggling to come up with the funds to pay the Canada Revenue Agency (CRA), you may be best served by speaking with a Licensed Insolvency Trustee (LIT).

As Licensed Insolvency Trustees, we are debt experts licensed by the federal government to provide you with safe, effective debt relief soLicensed Insolvency Trustees, we are debt experts licensed by the federal government to provide you with safe, effective debt relief solicensed by the federal government to provide you with safe, effective debt relief solutions.

If you are not able to pay your debts by selling or refinancing assets, it might be a good time to talk to a licensed insolvency trustee.

To discuss it today I'm joined by my Hoyes Michalos co-founder and business partner and fellow chartered accountant and licensed insolvency trustee, Ted Michalos.

Licensed Insolvency Trustees are obligated, by law, to review all of your options.

Consumer proposal administrators are licensed trustees, registered with the federal government under the Bankruptcy and Insolvency Act and as such fees paid to a trustee for administering a consumer proposal are set by legislation.

A bankruptcy is done through the courts, and must be supervised by a professional who is licensed by the federal government to assist in any insolvency situation (Trustee).

Bankruptcy can only be filed by a licensed trustee in bankruptcy under the Bankruptcy and Insolvency Act (BIA) as set out by the Office of the Superintendent of Bankruptcy.

Licensed Insolvency Trustees are appointed and regulated by the federal government to help people deal with debt.

A Licensed Insolvency Trustee is the only person in Canada who is licensed by the federal government to help prepare, file, and administer a consumer pLicensed Insolvency Trustee is the only person in Canada who is licensed by the federal government to help prepare, file, and administer a consumer plicensed by the federal government to help prepare, file, and administer a consumer proposal.

A consumer proposal filed through a Licensed Insolvency Trustee can cut your debt by two - thirds, freeze your interest and consolidate all of your debt into a single monthly affordable payment.

It is not surprising that a 2010 report on the causes of insolvency by one of our Licensed Insolvency Trustees, Hoyes, Michalos & Associates, found that marital or relationship breakdown was the primary cause of bankruptcy for 14 % of all baninsolvency by one of our Licensed Insolvency Trustees, Hoyes, Michalos & Associates, found that marital or relationship breakdown was the primary cause of bankruptcy for 14 % of all banInsolvency Trustees, Hoyes, Michalos & Associates, found that marital or relationship breakdown was the primary cause of bankruptcy for 14 % of all bankruptcies.

The Act contains the rules and guidelines to be followed by all stakeholders: the Licensed Insolvency Trustee, the debtor, and... Read more»

By contacting our Bankruptcy Canada partners, Goth & Company Ltd., a respected Licensed Insolvency Trustee in the Edmonton North area, a solution can be found to your financial troubles.

Our Windsor location is led by Rebecca Martyn, a Licensed Insolvency Trustee and Consumer Proposal Administrator since 2003.