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Getting financial help

Getting Financial Help: Bankruptcy and Consumer Proposal

25 Aug 2020

Licensed Insolvency Trustees offer a variety of services including administering a Bankruptcy or Consumer Proposal. They are licensed by the federal government of Canada to also provide debt advice and credit counselling.

Should you determine that filing for Personal Bankruptcy is your best option, the majority of your unsecured debt will be legally discharged and you will be protected from your creditors. You will then work towards being discharged from your Bankruptcy.

A Consumer Proposal is a legally binding agreement between you and your creditors. You are required to repay a percentage of what you owe in exchange for full debt forgiveness. Filing a Consumer Proposal provides debt relief while avoiding Bankruptcy.

Book a free no-obligation consultation to determine the best way forward to a brighter financial future.

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Derek L. Chase, CPA, CA, LIT

Being able to offer debt help assistance to individuals and corporations on a more intimate basis was a driving force in completing a “second CPA” by becoming licensed by the Federal Government as a Licensed Insolvency Trustee (previously Trustee in Bankruptcy) in 1997. It is extremely satisfying to be able to witness lives change for the positive due to a restructuring of financial affairs.