Consumer Proposals In Burnaby B.C. & Area
How Does A Consumer Proposal Help You
Consolidate DEBT Into ONE Monthly Payment!
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Stop Collection Calls & Garnishments
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Stop Interest On Debt From Growing
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Avoid Bankruptcy
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We Help You Retain Your Assets
Is A Consumer Proposal The Right Solution?
A Consumer Proposal is a possible alternative to Bankruptcy.
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If you are eligible for the process, we can work as an administrator between you and your creditors to restructure your debt payments to make your monthly debt payments more manageable.
What is a Consumer Proposal?
A Consumer Proposal is a negotiated settlement between debtors and their creditors, mediated by a Licensed Insolvency Trustee, acting as an administrator under the Consumer Proposal. It is a legally binding negotiated settlement, so once the terms are fulfilled, the debtor is legally released from all debts. Consumer Proposals are generally only available to people who owe less than $250,000 (not including debts like a mortgage).
The Process
We work with you to determine what kind of monthly payment you can afford. We will need a complete list of your assets and liabilities to figure out a fair solution for you and your creditors. We then present a proposal to your creditors that will consolidate all your debts into one easy monthly payment. You can usually discharge all of your debt over a few years of payments.
Debt Consolidation
When credit card debt and other high-interest loans get out of control, it may be time to consolidate your debts. A Consolidation Loan is offered by your bank or another financial institution. All your debts will be rolled into one lower monthly payment with a lower interest rate.
Debt Solutions We Offer in Burnaby B.C.
Learn About Submitting a Consumer Proposal
NOTE: Acceptance of the consumer proposal in B.C. depends on a majority of the creditors voting in favour of the offer. If original terms are not accepted, they may negotiate final terms.
Burnaby B.C. Offices
501 – 3292 Production Way, Burnaby, BC V5A 4R4
Call Us: 604-336-9533
Directions to Burnaby Offices:
Our Burnaby office is located immediately beside the Production Way SkyTrain station at the corner of Production Way and Lougheed Highway. Hourly parking is available in the underground, credit card payment only, or free on the street.
Please note: We also provide bankruptcy consultation and debt counselling out of our Burnaby offices in the following locations: Pitt Meadows, Port Moody, Mission, Port Coquitlam, New Westminster, Maple Ridge, Coquitlam