If you are struggling with credit cards, tax arrears to the CRA, student loans, payday loans, car payments, and wage and bank account garnishments we have solutions.
If you're struggling with multiple debts, a consumer proposal may be a good option for you. A consumer proposal is a legal process that allows you to negotiate a repayment plan with your creditors. A Licensed Insolvency Trustee is a trained professional who can help you understand your options and make the best decision for your financial situation.
Bankruptcy is a legal process that allows individuals to be released from their debt obligations. It provides a fresh start for those struggling to pay their bills and unable to find relief through other means. This can provide you with the financial breathing room you need to get back on your feet and start rebuilding your credit.
When you have multiple debts it can become difficult to keep up with your payments. If you are struggling to pay down your debts and you would like some help, speak to a Licensed Insolvency Trustee about a consumer proposal.
A Consumer Proposal may be an alternative to Bankruptcy if you are able to make some payments each month but not the full amount. While this is not a consolidation loan, it is a way to consolidate your debts!
Creditors typically like a Consumer Proposal over a Bankruptcy so they receive a portion of the payment instead of no repayment at all! This process will initially affect your credit rating, however, the consistent monthly repayments will help rebuild your credit while you Shed The Debt!
Bankruptcy is a legal process which grants you allowance to be discharged from your debt.
When you claim Bankruptcy the Licensed Insolvency Trustee is required to collect the equity that remains in your assets. However, the below are exempt assets that the Trustee cannot collect.
*Last updated December 2022
Every consumer client of Goldhar & Associates Ltd. is required to attend 2 credit counselling sessions. These credit counselling sessions will teach you how to rebalance your finances, and teach you about smart shopping and the healthy use of future credit and credit cards. If these two sessions don’t leave you feeling confident just ask for another one!
This Counselling Session, the first of two required under the terms of the Bankruptcy and Insolvency Act, is your first opportunity to sit down (virtually) with your Goldhar Debt Counsellor to talk about how your debt load became unmanageable. In this session you will review the basics of credit, debt, and the particular speed bumps that led to your financial stress. With the help of your Goldhar Debt Counsellor, you will lay the groundwork for a fresh financial future that will put you on track to achieving your goals and dreams.
Your Goldhar Debt Counsellor will help you assess your progress, and ensure you have the knowledge and budgeting tools you need to realize your financial goals and your personal dreams. We will help you rebalance your credit score and give you the tips you need to manage a debt free future!