Bankruptcy Trustee in Laval

Our ultimate goal is to get you out of debt quickly, with a payment plan based on your current financial capacities. More than anything, we want to take the stress out of payments and protect your assets.

After an analysis of your financial situation, we design a clear, personalized plan. This will not only meet your debt requirements, but also your long-term objectives. The costs associated with this service cover the entire process, from resolving your current financial problems to re-establishing your credit.

The trustee’s role is to assist the debtor (you) through the various stages of the process and to structure a payment plan for handling the debt. This can be done through a budgeting program, or through the Bankruptcy and Insolvency Act (the “Act”).

For individuals experiencing debt problems, the law provides two possible remedies: a consumer proposal and personal bankruptcy. To undertake these processes, it is necessary to consult a licensed insolvency trustee (formerly known as a “trustee in bankruptcy”), who is the only professional authorized by law. Acting as an officer of the court, the trustee is neutral and acts as a trustee for creditors. That’s why it’s so important to be adequately represented in the important decisions that lie ahead. When this plan is undertaken by a trustee, it is possible to repay part of the obligations, and it is common for our customers to lose up to 80% of the debt. Creditors tend to prefer the proposal to bankruptcy, since they recover nothing in the latter option.

Regaining financial independence inevitably involves balancing your budget and restoring your credit. Once the proposal has been accepted and put in place, our teams will help you understand how the credit rating works, so that you can manage your credit properly. With our extensive expertise and human, understanding approach, we support you every step of the way, giving you all the tools you need to avoid indebtedness.