We all have financial obligations, from daily costs of transportation to ensuring we have a place to call home. These costs of living can add up quickly, and sometimes we find ourselves unable to keep up. There are many different reasons why you may find yourself deep in debt, and there are a number of solutions to regain control and become debt-free.
Bankruptcy exists as a legal process which provides financial relief to Canadians who are unable to pay their debts. At Fuller Landau Debt Solutions, our team of Licensed Insolvency Trustees (LITs) has over 25 years of experience and a 5-star Google rating in helping people eliminate debt, once and for all. Our LITs will work closely with you to understand your specific financial situation and choose the option best for you.
You may find yourself considering Bankruptcy services as a solution to your debt problems due to one or more of the following circumstances:
- You are unable to meet your financial obligations and spend more than you make
- You rely on credit to pay for everyday expenses
- You receive relentless collection calls or late payment notices
- Your wages are being garnished
- You are being taken to court for unpaid debts
At Fuller Landau Debt Solutions, one of our knowledgeable LITs can speak to you about Bankruptcy services as one of the options that can help you regain financial control of your life. Our consultations are always free of charge, and our goal is to make the process as stress-free for you as possible.
Are There Other Options to Consider Before Bankruptcy?
Before choosing Bankruptcy services, there are a number of other options our LITs will explore with you, first. Together, we will determine if one of the alternatives, below, is right for you.
Credit Counselling is a free service that we provide, which includes a thorough assessment of your current financial situation. Sometimes, your debt can be resolved with a bit of guidance around household and/or business budgeting and financial planning.
A Consumer Proposal is a process, where a LIT at Fuller Landau can help you make a legal offer to your creditors to improve the terms of your debts. This could include negotiating more affordable amounts or more manageable timing for the repayment of your debt.
Debt Consolidation places all your debts into one manageable payment plan. At Fuller Landau Debt Solutions, we can advise you on how to work with financial institutions to arrange more favourable interest rates and payment terms.