How To Get Out Of Debt In Stratford
Our supportive and caring Licensed Insolvency Trustees in Stratford can help you regain control of your finances by providing solutions to significantly reduce your debt, giving you the tools to rebuild a better, more financially secure life.
Make a decision your future self will thank you for and book your free consultation today.
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Your Licensed Debt Counsellor In Stratford
As a Certified Insolvency Counsellor and a Certified Insolvency Administrator, with over 25 years of experience in the Insolvency Industry, Christine provides debt relief solutions to clients with compassion and understanding, in order to find the best solutions to start fresh on a new financial path. Together, Christine will work with clients in obtaining financial recovery, to live a stress-free financial lifestyle, in order to focus more on life and what it has to offer each individual.
Start with a free consultation where Christine will provide you with a confidential assessment of your finances. Christine will help you find the best solution for your specific financial needs and take the time to explain every step of the process, ensuring you will feel confident about your decision. We are not here to judge you we are here to help you rebuild your finances and start living the life you deserve.
Government Debt Relief
You've Got Nothing To Lose!
We’re licensed by the government to offer Consumer Proposals that can help reduce your debts by up to 80%. After evaluating your finances, we speak with your creditors to negotiate a reduced payment. Once your offer is approved, you will have one low monthly payment to make without interest, collection calls will stop, and you keep all of your assets.
David Sklar & Associates can help you every step of the way. You have nothing to lose and everything to gain!
Filing a Consumer Proposals in Stratford
A Consumer Proposal is a legally binding agreement offered by the federal government that significantly reduces the amount of debt you owe to your creditors. A consumer proposal is a popular alternative to bankruptcy as it consolidates and reduces the total amount of debt you owe, stops accumulating interest charges, stops wage garnishment, stops legal action, provides relief from collection calls and allows you to keep your assets.
At David Sklar & Associates we will help you every step of the way through the proposal process to present the best offer possible to your creditors. After your proposal is accepted by your creditors you will be asked to make monthly payments for up to 5 years, that are based on your income, expenses, assets and what you can afford to pay. The proposal is a fair solution for everyone involved. Speak to our Licensed Insolvency Trustee first to understand all of your options.
Declaring Personal Bankruptcy in Stratford
We understand that most of the people we help never imagined they would find themselves in such a difficult financial crisis. Most of the people we work with tend to be hard-working, honest people who, often for reasons beyond their control, are simply not able to pay back their debts.
Before we recommend personal bankruptcy, we work closely with you to see if any other debt repayment options can be used as an alternative, like a Consumer Proposal. Only when we are satisfied that personal bankruptcy is in your best interest, do we recommend this process. Speak to our Licensed Insolvency Trustee in Hamilton first to understand all of your options.
Debt Consolidation Stratford
We’ve all seen the ads claiming how a debt consolidation loans can get you out of financial trouble and reduce your monthly payments. Yet, you should know there can be significant risks with this approach.
If you have missed even one payment or received a collection call, it may be too late to qualify for a bank loan. To get a debt consolidation loan from a bank, you will need a spotless credit history, steady income, equity in your home or a co-signer.
If you use the equity in your home and are unable to make the payments, you could lose your home. Frequently, people who take out debt consolidation loans don’t know about the hidden high interest fees and find themselves in even more debt than before.
Speak to our Licensed Insolvency Trustee in Hamilton first to understand all of your options.
Credit Card Debt Stratford
Many people in Ontario have way too much credit card debt and find it difficult to manage even minimum payments. We can help you consolidate all your credit card debt, eliminate interest charges and reduce the total by up to 80%.
It’s not a loan, it’s a government-approved settlement plan that gives you a maximum of 5 years to complete your payments to creditors.
Income Tax Debt Stratford
Income Tax debt can be a difficult challenge to overcome. Our Licensed Insolvency Trustee’s in Hamilton help people who are overwhelmed by their debt load and have fallen behind filing their Income Tax. We can help negotiate with Revenue Canada to accept a reduced amount on your outstanding taxes and put a stop to the interest charges and penalties.
During your free consultation we will discuss all your options and help you prepare the required documentation. This will include getting your Income Tax reporting up to date. We will then speak to CRA on your behalf and request a reduction to your unpaid taxes.
The results of filing vary from situation to situation, but our experience has been that Revenue Canada is reasonable in its handling of people looking to resolve their debts and not avoid financial responsibilities.
Student Loan Debt Stratford
Managing your Student loan debt is important. If you decide to declare bankruptcy seven/or more years after you have ceased to be a student (part/full), your student loans will be eligible for discharge.
Speak to our Licensed insolvency Trustee in Hamilton to review your current financial situation they will provide you will all the options available to help get you out of debt.