Over the past generation, people have turned to Bankruptcy Services for a new start and second chance. Bankruptcy Services can provide both of these things and more: Bankruptcy Services is an important option when you're in debt and looking for a way out or when you've already fallen behind but want to find a solution that gets you back on track.

Personal bankruptcy is a legal proceeding that may be applied to individuals as a solution to dealing with debt. Personal bankruptcy comes in two forms, either as a summary administration or ordinary administration (projected realization in excess of $15,000.00).

Proposals to creditors consist of a debtor making an offer to creditors on how money and/or property can be distributed. Proposals may also include arrangements for the repayment of debts, such as proposal to creditors due to financial difficulties. It often involves payments of less than 100% of the debt owed. Proposals to creditors are governed by the Bankruptcy and Insolvency Act and Regulations as well as provincial legislation applicable in your jurisdiction.

Debt Management helps the client by negotiating with creditors and getting them to accept lower payments than what is owed, either through an agreement of future payment or a lump sum settlement. It has many benefits, such as a reduced interest rate, reduced fees and a reduced total amount to be repaid overall. Debt Management can also help prevent clients from going into bankruptcy.

Credit Rebuilding consists of several components that help you build your credit score. Credit rebuilding can occur when there is a reason for the disruption of the credit building process, such as an error or changing jobs. Credit rebuilding involves dealing with the reason why you are or were in debt.

Credit Management consists of management techniques that address the company's ability to extend credit. It plays a very important role for any business, whether it be selling or leasing products or providing services. Credit management is a business activity that includes the following elements: Credit Policy, Credit Rules and Procedures, Credit Rating Agencies, Credit Administration and Credit Collections. It is an extensive area of concern for all small businesses as well as medium-sized businesses today.