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 will send it to your debt collectors for review. The act of 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.