Bankruptcy Trustee in Blainville

The goal is to get you out of debt as quickly as possible, comply with a payment plan that you can easily afford, eliminate stress, and protect your assets.

After reviewing your current financial situation, we define a personalized plan to meet your immediate short-term debt management needs, which correspond to your long-term financial goals. The fees cover the entire program, from resolving your current financial problems to rebuilding your credit.

Our role is to assist you, the debtor, and structure a new affordable payment plan to deal with your debt. This can be done through a comprehensive budgeting program or through the Bankruptcy and Insolvency Act (“the Act”).

The Act provides two main remedies for individuals facing debt problems: the consumer proposal and personal bankruptcy. Only a licensed insolvency trustee (formerly a “bankruptcy trustee”) can assist you in filing a consumer proposal or personal bankruptcy. The trustee is a neutral officer of the court who must act on behalf of the creditors, as a fiduciary. It is therefore imperative that you obtain your own representation in any important decision. If structured correctly, the proposal will generally repay a portion of what you owe, and it is common for our clients to eliminate 80% of their debt. Creditors generally prefer the proposal to bankruptcy, as in the latter case, creditors generally recover nothing.

Budgeting and credit rebuilding are the cornerstones of any effective debt management plan. Once the new proposal is in place, this will be the next thing we address with you. Our counsellors, who have extensive experience and a human approach, are available to help you understand your credit report and maintain a strong credit profile, understand how to effectively manage your credit, and not become permanently indebted.