FILL OUT THE FORM BELOW AND RECEIVE A NO-OBLIGATION CONSULTATION

"*" indicates required fields

Phone

This field is for validation purposes and should be left unchanged.

Name*

Phone Number*

Email*

This field is hidden when viewing the form

What's the best time to contact you?*

Location*

What city do you live in?*

Total Unsecured Debt*

*Unsecured debt includes credit cards, lines of credit, bank overdrafts, payday loans, and unsecured personal loans (excluding student loans). It does not include mortgages and car loans.

This field is hidden when viewing the form

Source

How can we help you?

If you have unsecured debt of under $10,000 and live in the Province of Ontario filing bankruptcy may not be the best option for you. We suggest you contact the Office of the Superintendent of Bankruptcy at 416-973-6441 to discuss your options, or you can visit their website here.

Agreement*

I understand that Bankruptcy-Canada.ca does not provide debt relief services directly and agree to securely share this information with a local Licensed Insolvency Trustee (LIT) for a free, confidential consultation.

Select Trustee By Province

cp settlement

When you offer an amount to settle in a CP how do you creditors know that this is more that if you filed bankruptcy?

Posted from: Ontario

Share this post:

X (Twitter) Facebook Pinterest LinkedIn Email

One Response to “cp settlement”

A licensed trustee said...

When you file a consumer proposal your creditors are provided with the samne financial information they would have received if you had filed for bankurptcy. It is a relatively straight forward calculation for them to determine how much you would have had to pay if you filed for bankruptcy…

Before you set the amount you are offering in your proposal your trustee should have done this calculation for you… If you don’t know what this number is then you’re dealing with the wrong trustee.