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HOW WE HELP
Financial Recovery and NOT going bankrupt is a very real option for most people. We have over 60 years of combined trustee experience in Manitoba to guide you. We have helped many people settle debts owing to Canada Revenue Agency (Revenue Canada).
Contact us for a FREE assessment – let’s start the process today.
The first step is the hardest. You need to contact us for an appointment. We will respect your dignity and ask you a few questions over the phone without judging you. Once you are comfortable with us we will ask if you would like to meet in person at a time that is convenient. Our normal business hours are Monday to Friday 8:30 to 4:30 but we will make ourselves available to you as best we can. This consultation is FREE and all you get is our advice and our requirement that you Sleep-on-it and call us back only after thinking about what you have learned.
You will be asked to bring to the meeting a list of your debts, a list of your assets and a personal budget of your monthly income and expenses. We will review this information with you and determine what options you have. Many people we meet are referred to one of our trusted sources that we have developed over the years. Referrals may include a credit counsellor, a banker, a realtor or a lawyer – depending on your needs.
If your situation requires us to help we will strongly encourage a consumer proposal and help you AVOID bankruptcy. We currrently have an 85% consumer proposal rate to 15% bankruptcy. What this means is you likely will NOT go bankrupt if you call us!
As a Licensed Insolvency Trustee we are licensed to operate in Manitoba by the Office of the Superintendent of Bankruptcy to file consumer proposals. No one else has this authority. We have the training, education and over 60 years of combined trustee experience to guide you back to financial recovery.
Life After Debt: Money Tips
70% of our clients avoid bankruptcy with a proposal that creditors approve. We are located in Winnipeg but can assist anyone in Manitoba. Call 1-800-220-0005.
alimony payments and child support; student loans, if it is less than seven years since you ceased to be a full- or part-time student; fines or penalties imposed by the Court; and debts arising from fraud.
In addition, bankruptcy and proposals generally do not affect the rights of secured creditors. If a creditor has a valid security against your property (e.g. a car or a house) you may be able to keep the property (and the payment) if you can afford the monthly payment. You will need to make financial arrangements with the secured creditor.
Only assets owned by you are considered by your trustee. If assets are jointly owned with a spouse, then your portion may have to be sold and distributed to the creditors. It is important to make us aware of joint assets so that each case can be reviewed individually.
However, the court can order a release from the obligation to repay a student loan as early as five years after the bankrupt has ceased his or her studies if repaying the student loan will result in the person continuing to experience major financial difficulty (undue hardship) and if the person has made efforts to repay his or her loans.