What happens to the stress and pressure I am under?

stressWhat happens to the stress and pressure I am under?

The pressure should stop very quickly.  Once you sign the papers to formalize either a bankruptcy or a proposal, and the documents are filed with the government office, all legal proceedings, wage garnishees, collection calls etc. must stop. Give your Trustee the contact information for your payroll department so they can be notified of your new legally protected status. If a creditor or collection agency phones you, answer the call and give them the Trustee’s contact information.

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.  

Can my bank refuse to let me open a bank account?

Can my bank refuse to let me open a bank account?

Can my bank refuse to let me open a bank account?

No, a bank can not refuse to allow you to open a bank account or cancel your existing account. If your bank cancels or refuses to open a bank account for you because you have been or are in bankruptcy they are breaking the law. We always advise you to open a new bank account before filing a bankruptcy or a proposal at a bank where you have no debt.

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.  

Stress and Debts

Stress and Debts

Stress and Debts

If you are overwhelmed by debt you must stop the stress before it affects your health. Debt problems will often result in lack of sleep, fights with your spouse, poor job performance at work all of which contribute to your stress level. When the collection companies phone and you are afraid to answer the phone or open your mail, your blood pressure will rise and this also contributes to your stress. Before all of this causes health problems like depression please call a professional to help you. When you file a Consumer Proposal, an Assignment in Bankruptcy or other Debt Consolidation Arrangement with your creditors the result is the creditors stop calling and sending you letters, pay garnishees stop, and you will finally get a good night sleep.

It does not cost anything to call as the initial consultation is free. You will feel much better when you are in control of your debts.

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.  

 

 

Do I have to pay off my credit cards?

Do I have to pay off my credit cards?Do I have to pay off my credit cards?

  • If you file a proposal or an assignment in bankruptcy, your credit card debts are included in the process.
  • If your account has a co-signor, they will be liable for the full amount due, less any funds received from the Trustee.
  • If there is a supplementary cardholder, you will need to read the fine print of your card agreement to find out if that person is liable for any part of the charges made by the main cardholder.
  • If the supplementary cardholder goes bankrupt, the main account holder is liable for the full amount.

If you are not sure, discuss your concerns with your Trustee.

Contact Rumanek & Company Ltd. for more information. Or please fill out the form on the contact us page for additional information. Or if you would like a free evaluation please fill out the 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.