by Stanley Chen | Nov 2, 2022 | Avoid Bankruptcy, Consumer Proposals, Credit Rating
It’s normal to have some debt, whether it’s a mortgage or a car payment, but if you’re waist-deep in credit card and finance company loans and are seeing the debts being carried over month to month without going down, this is understandably frustrating and stressful. ...
by Rebecca Frederick | Jul 22, 2022 | Consumer Proposals, Debt Management, How to Get Out of Debt
Falling behind with Canada Revenue Agency (“CRA”) can be daunting. If you have become used to living off your gross – pre-tax – income it can be a major adjust to reduce your take-home income and start accounting for the income taxes you should...
by Rebecca Frederick | May 23, 2022 | Consumer Proposals, Orderly Payment of Debt
If you’re wondering what the difference is between Orderly Payment of Debt and Consumer Proposals, you’re not alone. In Alberta, you have many choices when it comes to how you want to address your debt. While there are many similarities between the...
by Rebecca Frederick | Apr 23, 2022 | Consumer Proposals
Our team at Frederick & Company Ltd. is dedicated to helping people address their debt issues by employing programs based on their individual situations. One question we hear a lot from our clients when implementing these programs is: “Will I lose my home?” Read...
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 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...
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