If you've been struggling with debt it's likely you've started to notice those ads on T.V advertising debt settlement in Winnipeg. Debt settlement plans may be a good option for some. Like anything else though it's no one size fits all solution. There are other options. One option you may qualify for is a consumer proposal. Similar to debt settlement consumer proposals are facilitated by a licensed debt professional known as a bankruptcy trustee.
Now don't let the name scare you. A bankruptcy trustee may actually be your best bet to avoiding bankruptcy. They're the only debt advisers regulated by the Canadian government. Like a debt settlement program a consumer proposal allows you to settle your debts for less than you owe but unlike debt settlment, a consumer proposal is a legally binding agreement between you and your creditors that stops all collection activity.
To find out if a consumer proposal is right for you pick up the phone and call a Winnipeg bankruptcy trustee. Your first consultation is free of charge so you have nothing to lose. The sooner you call the sooner you can be on your way to taking back control of your finances.
This message is brought to you by the Winnipeg bankruptcy trustees at Personal Bankruptcy Canada. Helping good people with bad debt.