There is a possible way out of debt that does not involve bankruptcy. It is called a Consumer Proposal, although many call it peace of mind. A Consumer Proposal is a negotiated settlement between you and your creditors. It is legally binding and subject to a specific process and conditions. A Consumer Proposal is available to individuals whose total debts do not exceed $250,000.00 (excluding a mortgage on a personal residence). You can make a Consumer Proposal to your creditors to reduce the amount of your debts, extend the amount of time you have to pay off the debt, or provide a combination of both.
The advantages of a Consumer Proposal are that any actions against you by the unsecured creditors are stopped; you retain all your assets, and ultimately, avoid bankruptcy.
At Crowe Soberman Inc., we have a group of highly-qualified professionals who can help you first decide if a Consumer Proposal is the answer for you, and then guide you through the process. Following is an overview of the steps we take for you:
If your financial situation is beyond your control, you are not alone. Crowe Soberman Inc. has helped many others in your situation, and we can help you too!
Schedule a free confidential consultation with our licensed professionals.
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