Sentences with phrase «debts by filing a consumer proposal»

You want to eliminate your debts by filing a consumer proposal, but you are afraid that your credit score will be harmed, and you will never be able to borrow again.

Even if you have not ceased being a student at least 7 years ago, you may still find relief from student loan debt by filing a consumer proposal because:

Our New Westminster bankruptcy and debt consolidation service team can support you in a range of solutions; whether you are interested in learning more about how personal bankruptcy works in BC, or in consolidating debts by filing a Consumer Proposal.

Not exact matches

Providing many of the same benefits as filing bankruptcy, including creditor protection and elimination of overwhelming debts, by choosing a consumer proposal, people with severe debt problems gain several advantages over other forms of debt relief the most significant of which is dramatically lower monthly payments and avoiding bankruptcy.

Prior to the new legislation, consumers with significant unsecured debt could safeguard their home equity by filing a consumer proposal and offering the equivalent «value» to their creditors as part of their settlement terms.

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.

Consumer proposals may be filed jointly by more than one person as long as all or substantially all of their debts are similar.

By filing a consumer proposal or personal bankruptcy, you are protected from your creditors, will eliminate all or most of your debts and be permitted to keep your investments (minus contributions made in the last 12 months).

Some examples of real people we have helped, by filing Consumer Proposals and other debt management solutions.

In our case study we look at how Steve can best accomplish his debt consolidation objectives by filing a consumer proposal.

At Hoyes Michalos we want to help you take full advantage of the fresh start you can achieve by filing bankruptcy or a consumer proposal to eliminate your debt.

So, if you've got a massive amount of debt that you can't service on your own, a great way to clean up your debt mess is by filing a consumer proposal.

If you find yourself completely buried in debt and you don't think you have any choice but to file for bankruptcy, you may be able to avoid bankruptcy by filing a consumer proposal.

There are lots of companies advertising «deals to reduce you debt by up to 70 %», but unless they are trustees (you'll know because trustees are required to tell you that they are trustees in their ads) they are going to have to refer you to a trustee in order to file a consumer proposal.

We'll answer that question by looking at: Is there a minimum debt amount to be eligible to file a consumer proposal?

But by choosing a consumer proposal, they were able to settle their debts with their creditors, manage their budget and, key to them, avoid filing bankruptcy.

The good news is you can build a 5 - year debt repayment plan by filing 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.

Differently, for - profit counsellors or debt consultants charge up - front fees, aren't regulated by the government and will refer you to a licensed trustee to file a consumer proposal anyway.

At Hoyes, Michalos & Associates we have helped roughly 40,000 people in Ontario find relief from their debt by declaring bankruptcy or filing a consumer proposal.

A consumer proposal can be filed by an individual if all debts (excluding a mortgage on their principal residence) do not exceed $ 250,000.