Legal way to get rid of debts
The number of Canadians crushed by the debt of credit card is increasing. Due to the poor financial status and increasing interest rates, it seems like you will never get out of this debt. You might be planning to save so that you can slowly pay the debt.
Once they start to struggle with the repayments it seems like they will never be able to completely pay off the entire amount. Such individuals should apply for Credit Counselling as soon as possible if they need some expert advice.
This is a federal program where we can reduce your monthly payment, stop interest and reduce part of you loan principal so you can pay off your debt sooner.
It is an agreement that will help to settle the unsecured debts between the individuals and the creditor. You will have to hire the licensed bankruptcy lawyer. He will act as a mediator and will help you know whether you are a reliable candidate for the debt repayment or not.
In order to assure that creditor will accept the debt repayment proposal, the lawyer will finalize the deal between you and your creditor. The creditor will have the assurance that his money will be repaid. You will need some help from the experts to help you finalize the best consumer proposal for your creditor.
How Consumer Proposal works
The program is made available through the bankruptcy and insolvency act that was introduced by the government of Canada. It is the perfect alternative to bankruptcy. Here is how the consumer proposal will work.
Debt RELIEF STARTS WITH YOUR FREE EVALUATION
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Reasons to file a consumer proposal
There might be many ways to have debt relief, but the best solution has been provided in the form of consumer proposal. Your entire situation and issues will be presented, and the trustee will help you find the best solution that will meet your requirements and financial status. If you are confused whether to file a consumer proposal or not here are a few reasons you should consider.
We have the highly trained attorneys that know how to deal with such kinds of situation. From the legal paperwork to the acceptance of your application they will take care of every task. All you have to do is wait for the approval and assure that you pay all the installments on time after the debt settlement. For more information and consultancy book your free confidential consultation.
Advantages of consumer proposal
The biggest advantages of the consumer proposal are that your monthly debt payment will be lowered. The interest will be frozen which means that the debt will not increase. Your house and other belongings will stay with you. You will be able to easily pay off your debt without disturbing your financial status.