Anyone who has trouble with their finances knows that getting the money to pay back what is owed can be difficult. If you are in this situation and are able to pay a reduced amount back, you may want to speak to a Licenced Insolvency Trustee about a consumer proposal. Doing so will allow you to have a trustee mediate an agreement between you and your creditors, to pay a set amount of money each month.
Continue reading to learn more about consumer proposals in Brockville and discover if this is a financial solution that works for your situation.
When discussing options for a consumer proposal, the trustees at Doyle Salewski Brockville will sit with you one on one to discuss your current financial situation. Based on how much you have, and what you can afford, your trustee will work on a custom solution that you can afford. Whether it’s a low monthly payment or a lump sum amount, once your proposed payment plan is agreed to, you will be on your way to creating financial stability.
You can qualify for a consumer proposal if you cannot meet your financial payments, your financial situation is unrelated to the mortgage on your home, and is less than $250,000. You could also have a combined joint debt of under $500,000. Anyone with debt greater than $250,000 that excludes their mortgage payments, should look into a Division I proposal.
A Licensed Insolvency Trustee from Doyle Salewski Brockville can work to have you pay back a portion of what is owed, and extend the length of time you have to pay your what is owed. Instating a consumer proposal can reduce your monthly payments.
Before you can completely take control of your monetary affairs, you need to be able to do the following:
Our trustees are here to help you with all of these, but understanding the first steps of what needs to be done is important.
Those who have a steady income, and can afford monthly payments, should consider a consumer proposal as a viable method to paying off their debts. As soon as it is agreed to, the proposal payment amount will not change -even if you receive an increased income. Working with a consumer proposal will also not impact your credit score to the extent that filing for bankruptcy will.
With businesses large and small growing in Brockville, financial troubles have a higher impact on a larger number of people. Contacting Doyle Salewski means that you are seeking help from a Licensed Insolvency Trustee who will work with you every step of the way on your way back to managing your finances.
We know it can be difficult to become financially stable, but we are experienced in helping people all over Ontario reach financial independence.
Our Brockville location is 61 King Street East, near the corner of King Street East, and Bethune Street. To learn more about consumer proposals in Brockville, click here for a free consultation, email us at firstname.lastname@example.org, call us at 613-253-2227, or toll-free at 1-800-517-9926.
The professionals at Doyle Salewski are all fully experienced in providing financial management advice such as credit counselling, bankruptcy, consumer proposals, budgeting, debt settlement, and debt consolidation. Our directors are qualified CAIRP estate administrators and counsellors. CAIRP accreditation is available exclusively to estate administrators working within member firms.