Bankruptcy Trustee in Terrebonne

The aim is to help you get out of debt as quickly as possible by following a payment plan tailored to your budget, to reduce stress and safeguard your assets.

Following an assessment of your current financial situation, we design a customized plan to meet your immediate short-term debt management needs, in alignment with your long-term financial goals. The fee covers the entire program, from resolving your current financial problems to restoring your credit rating.

You, as the debtor, benefit from our support in developing a new, affordable payment plan to deal with your debt. The approach can vary from adopting a detailed budgeting program to using the Bankruptcy and Insolvency Act (the “Act”).

The law provides two main options for individuals facing financial difficulties: a consumer proposal and personal bankruptcy. Only a licensed insolvency trustee, formerly known as a “trustee in bankruptcy”, can guide you through the process of filing a consumer proposal or personal bankruptcy. The trustee, as an impartial officer of the court, has a fiduciary duty to act on behalf of creditors. It is therefore essential that you be represented in any crucial decision. A well-thought-out proposal usually offers the possibility of repaying a portion of your debt, and our clients often manage to reduce their debts by up to 80%. Creditors tend to prefer this solution to bankruptcy, since in the latter case they usually recover little or nothing at all.

Effective debt management depends fundamentally on budgeting and credit rehabilitation. Following the implementation of the new proposal, our next point of discussion will focus on these aspects. You can count on our advisors, with their wealth of experience and people-oriented approach, to help you understand your credit file. They’ll help you maintain a solid credit profile, learn to manage your credit wisely and avoid prolonged indebtedness.