Many people in Scarborough, Ontario who are bogged down with a very heavy debt load and simply need more time to pay are probably wondering if a consumer proposal in Scarborough is the right debt solution for them. With so many information out there, it can be very confusing to make the right choice.
Residents of Scarborough do not have to decide on their own.They can consult with a Licensed Insolvency Trustee who can provide a balanced view of every available option for eliminating debt. The trustee will review your financial situation and help you decide if a consumer proposal may be the best way to help you get out of debt. Only a Licensed Insolvency Trustee can explain in detail both the positive and negative sides of a consumer proposal. He is the only debt professional permitted by the federal government through the Bankruptcy and Insolvency Act to administer consumer proposals, as well as bankruptcies, so he is knowledgeable with the laws that govern it as well as the process involved to make it legally binding. In general, proposals to creditors are best suited to debtors who meet the following qualifications:
If you meet all the above qualifications then you can take advantage of the many benefits of filing a Consumer Proposal, which can include:
A consumer proposal in Scarborough is one debt relief option that can greatly benefit many residents who have debts that continue to accumulate month by month and who are finding it nearly impossible to make ends meet. It gives them the opportunity to repay a portion of their debt and in doing so it restores their dignity and confidence in their own ability and helps them to regain some sense of control over their stressful financial situation.
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