Of course, if you do nothing the collection calls continue and you risk having your bank account seized, your assets taken and having your wages garnisheed. What can you do? You’ve got five basic options.įirst, you could do nothing. Maybe you’re just barely making the minimum payments every month, or maybe you’re getting calls from bill collectors and you’re worried that your wages might be garnisheed. We recommend talking with a Licensed Insolvency Trustee like Hoyes Michalos to explore which option is right for you.
Each program comes with it’s own pros and risks. Thankfully there are number of different programs that are designed to help you get out of debt. A consumer proposal can only be filed through a licensed insolvency trustee.Įvery person’s financial problems are unique, and as such, no one debt relief program is right for everyone. A proposal is not bankruptcy, but it does provide the same creditor protection as bankruptcy. It is a safe, reliable debt relief program that allows you to avoid bankruptcy. A consumer proposal is a formal, legal debt settlement program available under the Bankruptcy and Insolvency Act.
The only Canadian government debt relief program is a consumer proposal. We would like to offer a word of caution about websites and agencies that advertise Canada federal or government debt relief programs. It can be hard to find the right debt relief solution that can help you get out of debt. The licensed insolvency trustees at Hoyes, Michalos & Associates are debt experts who can help you find the safest and best debt relief solution to deal with your debt problems and eliminate your debt.
0 kommentar(er)
