You might be feeling trapped or overwhelmed by your debt load. Take heart because getting here is the hardest part and you have more options than you think. For example:
- Consumer proposals
- Orderly payment of debts
- Debt consolidation loan
- Informal debt settlement with creditors
Each of these options have benefits, as well as costs and consequences to consider. For example an informal debt settlement with your creditors may reduce the total amount you have owing and avoid some of the restrictions of the formal bankruptcy process, but creditors are neither bound nor required to participate unless they choose to, which will leave you responsible for the full amount due to those creditors who refuse to settle.
To give you the opportunity to take stock of all your options, and the freedom to pick the option that best suits your unique circumstances, we provide an initial consultation at no charge.
If you want to read more about your options click here for a more detailed synopsis.