Follow on Google News News By Tag Industry News News By Place Country(s) Industry News
Follow on Google News | The Consumer Proposal – What Is It, Really?By: Dodicklandau It is very likely that if you are digging deep into finding what solutions are available to you to fix your debt problem, you have heard about the Consumer Proposal (http://dodicklandau.ca/ One thing that certainly has increased the use of the Consumer Proposal is the stigma attached to the idea of filing a Consumer Proposal as opposed to the idea of declaring personal bankruptcy. While credit rating suffers a similar fate in both circumstances, from our years of experience, it is apparent that the proposal is more attractive as a term to describe a way to fix your debt. We are often asked which is better, and the answer we give is that it depends on a number of factors. Perhaps the most important factor to determine whether or not a Consumer Proposal as opposed to a bankruptcy is the better solution, is whether or not you, as the debtor, could file a proposal and make the required payments. It is not a question of wanting to a make or file a proposal – the better question is CAN you do a proposal? Can you afford a monthly payment that would result in a return to the unsecured creditors that would be more than a bankruptcy? In the end, just how much the creditors would receive in a bankruptcy is crucial to determining how much should be offered in the proposal. The best way to find out what the payment in a Consumer Proposal would be is to sit down with us and we shall assess your situation. Do you have equity in your property? Would a bankruptcy scenario require you to make surplus income payments? Are you a director of a corporation? So please click here or call (http://dodicklandau.ca/ Howard Landau has been a trustee since 1996. Along with Dodick Landau’s personal debt solutions team, he has helped thousands of Canadians create debt control and crisis management plans, consolidate their debts, pay back tax debt, repair their credit and navigate consumer proposals and personal bankruptcy. Howard can be reached by e-mail at howard@dodicklandau.ca or on the phone at 416-736-4357. Dodick Landau has various locations around the GTA, including their head office in North York located at 4646 Dufferin Street, Unit 6 and other offices in Scarborough, Downtown Toronto, Mississauga, and Brampton. End
Account Email Address Account Phone Number Disclaimer Report Abuse
|
|