Bankruptcy Trustee in Drummondville
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M. Roy & Associés - Licensed Insolvency Trustee in Drummondville
Choosing M. Roy & Associés means benefiting from a complete team of licensed insolvency trustees and financial restructuring advisors who help you navigate financial challenges. Together, we find the best solution to start fresh, allowing you to catch your breath without being overwhelmed by debt. Among the solutions considered, a consumer proposal may be preferred as it reduces monthly payments.
Please note that if this first option is not applicable to your situation, we can guide you towards personal bankruptcy. This alternative would allow you to erase your debts and regain control of your finances.
Our Process
How does it work?
We establish a clear and structured plan
The goal of our meeting is to free you from your debts as soon as possible, establish a payment plan that is comfortable for you, reduce the stress associated with the burden, and protect your current assets.
We conduct an analysis of your financial situation, after which we develop a customized plan for your specific condition. In the short term, this plan will meet your debt management needs. It will also cover all your medium and long-term financial goals. The fees associated with this procedure cover the program, starting from the moment you resolve your financial issues until the reconstruction of your credit.
We assist you and consolidate your debt.
As partners, the debtor (“client”) and the advisor establish a new payment structure. This will make debt management easier. Therefore, through a comprehensive budgeting program, or through the Bankruptcy and Insolvency Act (“the Act”), we can free you from your debts.
This Act offers two remedies to individuals who are struggling with debt problems: the consumer proposal and personal bankruptcy. The only professional who can assist you in filing either of these procedures is the licensed insolvency trustee, better known as the “bankruptcy trustee.” This is a neutral representative of the court who acts as a trustee for creditors. It is essential to obtain representation to support you in these important steps. When well-developed, this proposal usually covers the repayment of a portion of your debt. It is even common for it to be consolidated up to 80%. In general, institutions lean towards the consumer proposal rather than bankruptcy. In a bankruptcy, the creditor recovers nothing.
We help you rebuild your credit score
What makes your debt management plan strong and effective is budgeting and credit rebuilding. When your proposal is established, we will address these important issues. An experienced team of counselors who focus on a human approach is at your disposal to help you better understand your credit file and the need to build a strong credit profile. We ensure that you have the useful tools to understand and manage your credit, as well as to prevent further excessive debt.
Our solutions
DEBT CONSOLIDATION
Debt consolidation is a solution that allows a financial institution to grant a single loan in order to repay all of its creditors
Personal bankruptcy
Personal bankruptcy is said to be a last resort solution, as it erases a portion of your debts. It is prioritized when other solutions do not apply.
Consumer Proposal
This is a debt solution whereby it is possible to negotiate a reduction of debts and pay a reduced monthly installment, according to your budget.
Commercial bankruptcy
Commercial bankruptcy is a last resort solution that becomes necessary when a company is no longer financially viable. Its assets are then liquidated to repay debts.
Business proposal
This option allows the struggling company to obtain a respite by reaching an acceptable payment agreement. It allows for the continuity of operations.
THE SOLUTION TO EVERY PROBLEM STARTS WITH A FIRST STEP!
To Contact Us
Office opening hours
Friday – 8:30 a.m. to 3:30 p.m.
Possibility of meeting in the evening