Proposals

If your personal situation allows for it, filing of a proposal to your creditors can be your best alternative to solve your financial problems. We will help you establish the amounts that you can realistically offer to your creditors and the time frame of your proposal. After signature we send the necessary documents to stop seizures and legal proceedings against you, forward notices of your proposal to all your creditors and pay the amounts to be distributed until full completion of your proposal. Our experience and expertise have allowed that the vast majority of the hundreds of proposals registered through our office to be accepted by the creditors.

Two types of proposals may be filed by individuals:

Bankruptcy

Sometimes, bankruptcy is the only solution to over indebtedness. One of the purposes of the Bankruptcy and Insolvency Act is to allow rehabilitation and a fresh start to those whose debt's burden is unbearable. Bankruptcy can be a positive move for those who have no other alternative as it ends a long period of stress, angry calls from creditors, tensions within the family and low productivity at work. Once filed it stays most seizures and all legal proceedings. After their decision is made, most debtors say that they are relieved and feel a lot better before than after their bankruptcy. If unopposed, a first time bankruptcy will last nine months.