Debt Help Toronto

 Debt Help TorontoDebt Help

Question: Collectors are calling, threatening to garnish my pay; the statements are piling up and my bills are overdue. My minimum monthly payments don’t cover interest and leave me digging a deeper hole for myself.

Where to turn for advice? Credit and debt management counselors advertise aggressively, so they must be ok.  Right?

Answer: Debt management companies are usually not ok.

Their payment agreements are not regulated by the government and are not cast in stone. They can also be difficult to arrange, as it is a voluntary choice by your creditors to accept an overall settlement agreement. A creditor can choose to not accept your settlement, and can opt out at any time. This can bring you back to the original problem, while you have made payments in good faith. Also, upfront costs for services by many “credit counselors” can be quite high, with no guarantee of success.

Speak to a Trustee in Bankruptcy first, before you make any decisions, with no obligation or cost.

Trustees practice in a federally-regulated system that is set out to assist you.

In a FREE initial consultation we will talk about the causes of your money troubles and recommend one of several options to help you resolve them. Every Trustee in Bankruptcy is licensed by the federal government to facilitate a fair and practical solution for an honest debtor who is over her/his head in debt. The Trustee’s job is to deal with your unique situation in a way that is supported and regulated by the federal government to try to ensure your success in a debt-free future.

We can help resolve your financial problems through a variety of options: Consumer Proposal, Assignment in Bankruptcy, other forms of financing, or sale of assets. Our fees are regulated by the government and we must follow a prescribed schedule.

Contact Rumanek & Company Ltd. for more information on bankruptcy and debt solutions. Or please fill out the free bankruptcy evaluation form. To learn more please visit our YouTube Channel. Rumanek & Company have been helping individuals and families overcome debt for more than 25 years.  

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