Bankruptcy Settlements for Toronto, ON Residents
Bankruptcy can be the most affordable option to eliminate your unsecured debt very quickly. If you are an individual or a family who can no longer afford to keep up with your debt payments you can choose to file bankruptcy.
What happens if you file for bankruptcy?
If bankruptcy is the option you choose, our Credit Counsellor will work for you through an easy process to put it in place. You are required to pay the already defined monthly payments and obtain a discharge upon completion which means you are debt free from all the unsecured debt included in your file.
When is it appropriate to file bankruptcy?
Bankruptcy is one of the options or provision provided by the government to help people eliminate their debt. To find out if Bankruptcy is the right choice for you, we can set up a no-obligation meeting with you and discuss your personal circumstances. We will also discuss all the other options available for you so that you can make a well informed decision.
With 5 offices in Greater Toronto Area, A Credit Management counsellor is easily accessible. Get started by giving us a call or filling the quick assessment form.
Will my assets be taken away as result of filing for Bankruptcy?
Filing for bankruptcy doesn’t mean you lose everything. Most of your assets are exempt from bankruptcy, so you will get to keep them. Bankruptcy is supposed to provide you with a fresh financial start. That means you get to keep your assets that will help you begin rebuilding your finances.
What kind of Debt can be covered in Bankruptcy?
All your unsecured debts can be included. It consist of Credit Card, Store Card, Line Of Credit, Bank Loan, Payday Loan, Personal Loan, Short-term Loan, Income Tax, GST/HST Owing, Student Loan, Business Loan, Bank Account Overdraft, Shortfall Loan Owing and more.
Will I be able to obtain new Credit Cards after filing Bankruptcy?
Yes you will be able to obtain new Credit Cards after you have filed your Bankruptcy. We ensure that our clients are on the path to rebuild their credit history while they are in this process. Apart from credit cards you will also get our professional advice to obtain a vehicle loan or a mortgage loan, for a prosperous future. Our goal is not just limited to making you debt free but also to help you possess personal wealth and assets in the long term.
Will Bankruptcy stop the collection process and other legal actions initiated against me?
It will immediately stop any legal actions and wage garnishments. It will also put an end to the collection efforts against you by your creditors or the third party agencies. You will start receiving your full pay and all the harassing calls and letter will go away.
Any questions?
Call us today at 416-780-1020 or get started with our Quick Assessment Form and book your free consultation.
With five offices in different parts of Greater Toronto Area, a counsellor at Credit Management Services will work for you to make you debt free again.
