COVID-19 Update: During the pandemic all meetings can be done virtually from the comfort of your own home.

Book an Appointment

Is it time for us to meet?

If you’re thinking about booking an appointment, then you’ve already taken the first step by deciding you need help or advice with your personal or corporate debt. That’s often the most difficult step. We understand and we’re here to help.

The sooner we meet, the greater the likelihood of a positive outcome. Call our toll free number, call the number of the office closest to you, or send us an email by filling in the form below.

We’re looking forward to taking the stress off your shoulders and helping you live life again.

1.877.944.1177








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    Our Process

    You’ve made the difficult decision to explore personal or corporate debt restructuring and now you’re wondering, “What happens next?”

    First, let us say congratulations. It isn’t always easy deciding that you need assistance, but it’s more common than you know and the earlier you start, the better the chance for a positive outcome.

    Next, understand that we want to make the entire process as easy and positive as possible. We will never judge or pressure you; we are only here to help.

    Our process begins with information gathering. We have a responsibility to collect as many details about your financial situation as possible so we know exactly what we’re dealing with.

    After we have collected the information, our team, including a Licensed Insolvency Trustee, will determine the most advantageous option and present it to you, carefully explaining all of the pros and cons.

    After that, you are certainly welcome to take the information home and think about it to see if you have any further questions.

    When you make the decision to proceed, our experts do the heavy lifting and work with you, side by side, until the project is completed.

    Our process ends when your brighter days begin.

    Personal Bankruptcy vs. Consumer Proposal

    Personal bankruptcy and a consumer proposal are the two most common financial restructuring plans available in Canada. When comparing the two, it’s important to select the option that gives you greatest financial benefit to eliminate your debt.

    Although both options provide immediate protection from our unsecured creditors, each offers varying benefits and the best option will depend on your current financial situation.

    The following illustration provides an overview of the main differences between a personal bankruptcy and a consumer proposal.

    Situation
    Personal Bankruptcy
    Consumer Proposal
    Do I receive immediate protection from my unsecured creditors? YES YES
    Is acceptance required from my unsecured creditors and the Court? NO YES
    Is there any limitation on the amount I owe to qualify? NO YES
    Is a Meeting of Creditors mandatory? NO NO
    Is it possible that my monthly payments may increase or decrease? YES NO
    Can I prepay to complete the process quicker? NO YES
    Is it possible to defer my monthly payments and extend the process? YES YES
    Do I have to attend financial counseling sessions? YES YES
    Do I have to submit monthly income and expense statements? YES NO
    Will I lose my income tax refund(s)? YES NO
    Will I lose my GST refunds? NO NO
    Is it possible that I may lose some of my assets or property? YES NO
    Will my credit rating be affected? YES YES
    Can I be a director of a limited corporation? NO YES
    Do I have to disclose the status of my financial situation if I enter into a business transaction? YES NO

    Thank you all for making a not so happy time a positive learning experience.

    Kelvin & Deb J.

    Our Process

    You’ve made the difficult decision to explore personal or corporate debt restructuring and now you’re wondering, “What happens next?”

    First, let us say congratulations. It isn’t always easy deciding that you need assistance, but it’s more common than you know and the earlier you start, the better the chance for a positive outcome.

    Next, understand that we want to make the entire process as easy and positive as possible. We will never judge or pressure you; we are only here to help.

    Our process begins with information gathering. We have a responsibility to collect as many details about your financial situation as possible so we know exactly what we’re dealing with.

    After we have collected the information, our team, including a Licensed Insolvency Trustee, will determine the most advantageous option and present it to you, carefully explaining all of the pros and cons.

    After that, you are certainly welcome to take the information home and think about it to see if you have any further questions.

    When you make the decision to proceed, our experts do the heavy lifting and work with you, side by side, until the project is completed.

    Our process ends when your brighter days begin.

    Book an Appointment

    Is it time for us to meet?

    If you’re thinking about booking an appointment, then you’ve already taken the first step by deciding you need help or advice with your personal or corporate debt. That’s often the most difficult step. We understand and we’re here to help.

    The sooner we meet, the greater the likelihood of a positive outcome. Call our toll free number, call the number of the office closest to you, or send us an email by filling in the form below.

    We’re looking forward to taking the stress off your shoulders and helping you live life again.

    1.877.944.1177








      This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.