If you have bills piling up and creditors continue to call, it might be time to explore if a Consumer Proposal in Edmonton is the right debt relief option for you. Experts at Fox-Miles & Associates Licensed Insolvency Trustees are here to help you choose the right path to gain a fresh financial start. Our team will work with you to fully understand your financial situation and will therefore be able to recommend which debt solution suits your needs. We can help wipe your slate clean.
Drowning in debt and having creditors continuously calling is an incredibly stressful situation. If you want to pay off your debts but cannot meet the creditor’s timelines, it might be time to consider a consumer proposal as a debt relief solution. It may be right for you if you cannot pay off your debts on time and you owe less than $250,000. Our Licensed Insolvency Trustees will work with you to draft a proposal that will restructure your debt and allow you to pay it off in a manageable and affordable way.
The expert Licensed Insolvency Trustees at Fox-Miles provides an initial, FREE CONSULTATION to new clients. We will review your current financial status in detail with you, including your income and existing debt load. After the initial consultation, we will work with you to decide if it’s best for you to pay a portion of what you owe, to pay smaller amounts over a more extended period, or a combination of both of those options.
Once you and your credit counsellor have agreed to the best course of action, your counsellor will draft a proposal and send it to your debt collectors for review. Submitting the proposal to your creditors prevents them from calling you and garnishing your wages. Debt collectors will have 45 days to accept or reject your proposal. During that review period, creditors may request a meeting with you and your credit counsellor to discuss your proposal.
Filing for a consumer proposal through Edmonton’s Fox-Miles & Associates offers the following benefits:
While there are disadvantages to a consumer proposal, the advantages are many. That is why it is important to compare your options and talk with a Licensed Insolvency Trustee before deciding if it suits your situation. Read below to learn about potential downsides to a consumer proposal.
Filing for any debt relief in Canada is an important decision and needs to be made knowing all the positives and negatives presented by each debt solution. If you qualify for a consumer proposal as an alternative to bankruptcy, it is essential to understand some disadvantages compared to bankruptcy.
Calling Fox-Miles is the first step towards finding a solution to your debt stress. We will help cease the non-stop calls from collectors and help prevent wage garnishment. If you are looking to restart your financial future, contact Fox-Miles & Associates today.
We offer a free consultation, during which we’ll tell you if a consumer proposal is the best solution for you.
