5 benefits of Consumer Proposals What is a consumer proposal? A lot of people ar…
5 benefits of Consumer Proposals What is a consumer proposal? A lot of people are unsure what it means to file a consumer proposal. A consumer proposal is actually the top alternative to filing bankruptcy. Westgeest & Associates is pleased to outline 5 benefits of consumer proposals. Pay less than you owe 1. A consumer proposal allows you to settle your financial obligation for less than you owe. Youll need the help of a government Licensed Insolvency Trustee. Thats where Westgeest & Associates can help. If youre facing financial difficulty and need to file a consumer proposal Westgeest & Associates can help you with the process. Stops collection action 2.Filing a consumer proposal will allow us to formulate and implement a compromise with your creditors while you are under court protection. This makes everything stop including collection action like lawsuits pension and wage garnishments and executions against assets and bank accounts unless specifically exempt like child support. Stops interest 3. From the date you file your consumer proposal interest stops accumulating on accepted proposals. This makes it possible to see real progress with each payment made allowing further reduction in your already reduced debt. One monthly payment 4. Qualifying individuals generally pay back only a part of their financial debt within a maximum repayment period of five years with one regular consolidated monthly payment that you can afford. 5. Peace of Mind Filing a consumer proposal means you wont be in jeopardy of losing your home or other possessions. If you select this debt relief restructuring option Westgeest & Associates professionals in insolvency and restructuring will work with you to develop a plan. We can make a proposal to pay your creditors a portion of what they are owed. Click here to learn more about consumer proposals. If you have any questions or would like to discuss filing a consumer proposal with the help of Westgeest & Associates contact us today! Call 604-291-9151.
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