Consumer Proposals in Woodstock
A Consumer Proposal in Woodstock can help you
Do you want to overcome your unexpected financial struggles? Are you concerned about your debts in Woodstock? Then, Consumer Proposal must be your prior choice. A Consumer Proposal presents the creditors with the repayment of your debt, making it promising for the person who owes them money. Moreover, a Consumer Proposal in Woodstock helps you to:-
- Reduce interest payments
- Lower the balance
- Extend the length of the loan
- Cease wage garnishments
- Puts a full stop to lawsuits
- Stop creditors from calling You
What Is A Consumer Proposal?
A consumer proposal is a formal agreement with your creditors. It shows that you want to honor your commitment to pay the debt before it becomes unmanageable.
Who Can File a Consumer Proposal For You in Woodstock?
Only a Licensed Insolvency Trustee (LIT) can develop a consumer proposal in Woodstock. A consumer proposal is a formal offer that binds you and the creditor in the presence of LIT and is limited to five years. A consumer proposal offers to pay the creditors a percentage of the balance, extend the time to pay, or both. You make the payments through the LIT, which sends the money to your creditors.
Is A Consumer Proposal Right Option for you in Woodstock?
Not necessarily. If you owe less than $1,000 or over $250,000, it is unlikely that you will fall under the qualifications. To determine if you qualify and if the action is appropriate for your circumstances, reach out to a Licensed Insolvency Trustee in Woodstock immediately.
Schedule an appointment at the office or book a home consultation with our Dana MacRae Woodstock Insolvency Trustee.
Say “No” to Bankruptcy with a Consumer Proposal in Woodstock
Bankruptcy is not the only solution when you experience a financial crisis. Several tools are open to help you with debt in Woodstock; one is the Consumer Proposal. To pick the best course of action, you must schedule an appointment with one of the accredited debt counselors of Woodstock. You can manage this over the phone, via video conference, or in person.
All the meetings are confidential and free of cost. Finally, our professionals at Dana MacRae – a Licensed Insolvency Trustee in Woodstock, enable you to find the best solution to your unsolved debt problems.
Contact our office for more detailed information about this process and your situation.
Bankruptcy is not your only option in Woodstock
Bankruptcy is not the only solution when you face financial struggles. Canada offers several options; one among them is the Consumer Proposal. However, that is not the only alternative.
To determine the best course of action, you should arrange an appointment with one of our accredited debt counselors. You can handle this over the phone, via video conference, or in person.
It is free, and you are under no obligation to proceed. All our meetings are confidential, and we in no way judge your actions.
Articles we prepared on Consumer Proposals in Woodstock
A Change in your Financial Situation after Filing a Consumer Proposal
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Are Consumer Proposals Good or Bad? Disadvantages of Consumer Proposals
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Can a consumer proposal affect my partner?
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Can you file twice for a consumer proposal in Waterloo?
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Home Equity Loans VS Consumer Proposals
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Consumer Proposals vs Personal Bankruptcy: Which is better?
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Are you worried about your Credit Card Debt? Stay debt-free with these eight simple rules
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Are you dealing with Debt problems? Solutions are here.
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