Bankruptcy Trustee in Montreal

The purpose of this meeting is to free you from your debts quickly, develop a payment plan that you can afford, limit the stress associated with it, while protecting your assets.

By analyzing your current financial situation, we will then develop a personalized plan tailored to your condition. This plan will meet your immediate needs for debt management, as well as your long-term financial goals. Finally, the fees associated with this process take into account the entire program, from resolving financial problems to restoring your credit.

The counsellor helps the client (called the “debtor”) to set up a payment structure that makes it easier to repay the debt. Some programs, such as the full budget program or the Bankruptcy and Insolvency Act (“the Act”), give us the means to help you get out of debt.

This Act allows people who are having debt problems to use two solutions: consumer proposals and personal bankruptcy. In either case, only a licensed insolvency trustee can help you with these procedures. Formerly known as a “bankruptcy trustee,” this professional is a neutral representative of justice who acts as a fiduciary for creditors. To get through this stage without any problems, it is essential to be represented and supported. Moreover, when the proposal is well-structured, it takes into account the payment of a large part of the debt. Some clients even see up to 80% of their debt consolidated. Note that creditors prefer the proposal to bankruptcy, as the latter does not allow them to recover the amounts owed.

The effectiveness of debt management inevitably involves developing a budget and rebuilding your credit. From the proposal stage onward, we will approach the future with a positive outlook. Experienced counsellors who work with a humane and compassionate approach are available to help you understand your credit history and the need to maintain healthy credit. Together, we find a way that will allow you to better control your credit while preventing over-indebtedness.