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Consumer Proposal Pros and Cons

Consumer Proposal Pros and Cons – Is it worth it?

October 12th, 2023

Almost half of all Canadians find themselves with less than $200 to spare by the end of the month, leaving them vulnerable to financial challenges. In today’s uncertain economic climate, unexpected expenses can easily push you into debt, leaving you uncertain about your next steps.

You might be burdened by debt, but you could also have valuable assets you wish to protect. Concerns about the long-term repercussions of bankruptcy may be on your mind. Fortunately, there’s an alternative solution – a Consumer Proposal, which can offer you a fresh financial start.

If you’re grappling with financial stress and struggling with payments, seeking guidance from a Licensed Insolvency Trustee at Harris & Partners is a wise step. They can help you explore options and propose a debt repayment plan to your creditors. Harris & Partners provides expert assistance and complimentary debt counseling to assist you in regaining financial control.

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How To Deal With Creditors While in Debt

October 10th, 2023

Constant calls from creditors are a sign that your debts are piling up and need to be dealt with. Creditors are required by law to stop collection actions once you file a consumer proposal or bankruptcy. If you have money worries and can’t make payments, it’s in your best interest to meet with your Licensed Insolvency Trustee (previously known as a Trustee in Bankruptcy), at Harris & Partners. This will help you to understand your options and present your creditors with a solution for the payment of your debt. Harris & Partners provides expert advice and free debt counselling to help you begin getting control of your finances.

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Personal Bankruptcy Process Explained

October 10th, 2023

Do you have significant tax debts? If the answer is ‘Yes’ or even if you are just concerned with the state of your finances it is beneficial to book a free consultation with a Licensed Insolvency Trustee (previously known as a Trustee in Bankruptcy). When you meet with a Trustee you will need to provide information on your income and expenses, including net monthly take home income and proof of income as well as information about the value of your assets and a list of your debts.