Bankruptcy Trustee in Ste-Thérèse

The main purpose of this meeting is to relieve you of your debts as quickly as possible, devise a repayment plan that you can maintain, reduce the stress involved, while preserving your assets.

After analyzing your current financial situation, we develop a customized plan to meet your specific needs. This plan will address both your immediate debt management concerns, as well as your long-term financial prospects. The fees associated with this procedure cover the entire program, from resolving your financial problems to rehabilitating your credit history.

The professional advises the client (referred to as “debtor”) in setting up a repayment plan that will facilitate the settlement of his or her debts. That said, through programs such as the holistic budget and the Bankruptcy and Insolvency Act (the “Act”), we can provide you with the means to discharge yourself from your debts.

According to the law, those facing financial difficulties can choose between two solutions: a consumer proposal or a personal bankruptcy. Only a licensed insolvency trustee can guide you through the process of either of these scenarios. Formerly known as a “bankruptcy trustee”, this specialist plays a neutral role as a fiduciary for creditors. To get through this ordeal without a hitch, it’s essential to be properly represented and supported. When a proposal is well structured, it takes into account the repayment of a significant portion of the debt. Some customers successfully consolidate up to 80% of their debts. It should be noted that creditors prefer a proposal to bankruptcy, as the latter does not offer them the possibility to recover unpaid amounts.

Creating a sound budget and restoring your credit score are vital parts of effective debt management. Once you’ve successfully passed the proposal stage, we’ll develop a positive strategy for the rest of the process. You can count on our experienced and attentive advisors to help you understand your credit history, as well as the need to maintain a good credit record. Together, we’ll work out a solution to improve your credit management while preventing the risk of overindebtedness.