by Rebecca Frederick | Dec 30, 2021 | Consumer Proposals
In Alberta, a consumer proposal is a legally binding agreement that is negotiated between a Licensed Insolvency Trustee and your creditors (the institutions you owe money to). It’s an alternative to bankruptcy that allows you to maintain control of your assets such...
by Rebecca Frederick | Nov 25, 2021 | Consolidation Loans
Debt consolidation means to obtain a new loan to pay off a number of smaller loans or bills that you are currently working to pay off. It brings all your debts together into one combined loan and allows you to make one monthly payment to cover the amounts and interest...
by Rebecca Frederick | Nov 2, 2021 | Consumer Proposals
A consumer proposal is a legal process where a Licensed Insolvency Trustee works with you to produce a “proposal” — an offer to pay your creditors a percentage of what you owe to them or to extend the time to pay off the debts, or both. The best way to...
by Rebecca Frederick | Oct 1, 2021 | Bankruptcy
Bankruptcy can be a scary word when it comes to solving your debt problems. This legal proceeding is available to individuals who are unable to repay their outstanding debts but it’s no secret that there are many myths out there that make the process seem frightening...
by Rebecca Frederick | Jul 30, 2021 | Bankruptcy, Consumer Proposals
When deciding to file either one of these insolvency options, it is important that you are aware of the differences between them so you can make the best decision for your situation. Choosing the wrong option can have lasting consequences. While both bankruptcies and...
Recent Comments