How to Avoid Bankruptcy
Sometimes a simple approach, like examining your budget, can help you avoid a formal bankruptcy process in the GTA. If a proposal or bankruptcy is not the right option for you, we will advise you of alternatives or refer you to other professionals who can help.
Are you struggling with several unpaid balances on credit cards, loans, and other forms of credit programs? At Yanch Dey & Associates Ltd. we can help consolidate your debt into a single, more affordable monthly payment through a consumer proposal.
We have experienced insolvency counsellors who will find the right solution for your unique situation. Consolidating debt through a consumer proposal simplifies the payment process by allowing you to make one payment to the trustee rather than repaying multiple creditors at once. This leaves you with just one, lower monthly payment stretched out over a period of time.
The best feature of a consumer proposal is that you’re able to pay multiple debts by streamlining everything into one monthly payment. You don’t have to worry about remembering various due dates and the amount that you have to settle. To learn more about how to consolidate debt in Ontario, call us today.