Debt Solutions
Solutions adapted to your situation
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You are making an advance on one credit card to pay for another?
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You frequently make late payments on your bills?
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You have more than three (3) credit cards with high unpaid balances?
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Your credit limit has been reached on your credit card or line of credit?
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You make only the minimum payment required on your credit cards?
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You receive many calls from creditors and collection agents?
5 solutions to make a fresh start
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1
Debt Consolidation
Debt consolidation is a loan granted by a financial institution that enables you to repay some of your creditors in one single payment, based on your present budget.
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2
Consumer Proposal
consumer proposal consists of making an offer to your creditors in order to modify your obligations to them. It is also possible to make smaller monthly payments, so that you can then spread them out over a longer period of time.
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3
Réorganisation financière
Financial restructuring consists of providing you with a balanced budget in order to reduce the risks of finding yourself again in financial difficulties or in a debt situation.
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4
Voluntary Deposit
Voluntary deposit is a procedure to enable you to make monthly payments to the Court, based on your income and the number of your dependents. It is then the Court that has the responsibility of distributing the payments to your creditors.
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5
Personal Bankruptcy
Personal bankruptcy is a legal process, established by law. This procedure is intended to free you from your obligations to your creditors, while canceling the majority* of your debts under reasonable conditions. *Certain exceptions apply.
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