Changes in the economy, a job loss or personal hardships because of injury or an illness can easily plunge you into huge debt, which is a perfect recipe for financial problems. If you are experiencing financial stress because of your increasing debt, you should consult a seasoned insolvency or bankruptcy trustee to help you jumpstart your journey towards financial stability. Luckily, there are properly staffed bankruptcy trustee firms which can assist you.
Bankruptcy Trustees in Alberta
If you are in Alberta and are experiencing some serious financial difficulties and feel as though you are losing the battle against debt, it may be time to turn to a reputable bankruptcy trustee for help. In case you need such assistance, there are numerous bankruptcy trustee firms that are dedicated to helping their clients become debt-free and financially stable. Whether you need help while drafting a consumer proposal or filing for bankruptcy in Alberta, these trustees can help. They normally offer:
1. Bankruptcy Services
Filing for bankruptcy can be a very stressful experience, as it is a constant reminder of the fact that you are unable to meet your financial obligations. Furthermore, it always has serious legal implications and so it should be handled with care. If you need to he helped while filing for bankruptcy, these professionals can help you through each step of the filing process. This option will give you relief from debt, freedom from debtors and enable you to start working on your finances from a clean slate.
2. Alberta Consumer Proposal Services
The greatest disadvantage of filing for bankruptcy is that it will negatively affect your credit score, making it even harder for you to acquire a loan. If you do not want to find yourself in such a situation, you should consider filing for a consumer proposal instead. This is a legally-binding debt repayment agreement that is typically negotiated with one’s creditors with the help of an insolvency trustee. Here, a settlement is usually put in place to protect the debtor from debt collectors, which means that they cannot seize your funds or assets in their debt collection effort. The option allows you to pay a certain percentage of whatever you owe the creditors while the rest is forgiven.
3. Credit and Debt Consultation
If you are having major financial difficulties and need a viable way out, you should consult the bankruptcy trustees for professional advice. They will analyze your situation based on your income and expenses before determining the options that would work for your case. Ideally, the experts will explain to you each of the available options and give you a chance to choose those that suit you best. Moreover, their credit and debt consultation is always free, comprehensive, and quite reliable.
These bankruptcy trustees can also offer you topnotch debt and credit repair, debt consolidation, as well as debt relief services. They are always professional in their service delivery and have very budget-friendly rates. They will not relent until your debt problem is resolved and your financial stability is regained. If you need help filing an Alberta consumer proposal or filing for bankruptcy, these trustees can help.