Consumer Proposal Call us today 1 888 751 2668 Licensed Insolvency Trustees smytheinsolvency.com With more than 35 years of experience, Smythe Insolvency is a dedicated team of Licensed Insolvency Trustees and Qualified Insolvency Counsellors, serving you in nine British Columbia locations. Call us today for your free no-obligation consultation and get on the road to financial freedom. WHAT IS A CONSUMER PROPOSAL? One of the most effective ways to get out of debt is through a consumer proposal. A consumer proposal is a legal agreement negotiated with your creditors, including the Canada Revenue Agency, that allows you to settle your debt for only a portion of what you owe. You make one affordable monthly payment over a period of no more than five years, and upon full performance of the proposal, you will be legally released from all debts included in the proposal. KEY ADVANTAGES • Keep your assets, including your RRSPs, vehicles and home • Stop collection calls • Legal protection from your creditors (wage garnishments, legal actions, etc.) • Interest is frozen the moment you file • Negotiate and repay only a portion of your debts in one monthly payment • No additional fees beyond the negotiated payment If you owe less than $250,000 (excluding your mortgage), have a steady income and are looking for an alternative to bankruptcy, a consumer proposal might be right for you. Only a qualified Licensed Insolvency Trustee can provide access to federally regulated insolvency options such as bankruptcies and consumer proposals. It is against the law for anyone else to claim they can provide these services.
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Consumer Proposal
Call us today 1 888 751 2668
Licensed Insolvency Trustees smytheinsolvency.com
With more than 35 years of experience, Smythe Insolvency is a dedicated team of Licensed Insolvency Trustees and Qualified Insolvency Counsellors, serving you in nine British Columbia locations. Call us today for your free no-obligation consultation and get on the road to financial freedom.
WHAT IS A CONSUMER PROPOSAL?
One of the most effective ways to get out of debt is through a consumer proposal. A consumer proposal is a legal agreement negotiated with your creditors, including the Canada Revenue Agency, that allows you to settle your debt for only a portion of what you owe. You make one affordable monthly payment over a period of no more than five years, and upon full performance of the proposal, you will be legally released from all debts included in the proposal.
KEY ADVANTAGES
• Keep your assets, including your RRSPs, vehicles and home
• Stop collection calls
• Legal protection from your creditors (wage garnishments, legal actions, etc.)
• Interest is frozen the moment you file
• Negotiate and repay only a portion of your debts in one monthly payment
• No additional fees beyond the negotiated payment
If you owe less than $250,000 (excluding your mortgage), have a steady income and are looking for an alternative to bankruptcy, a consumer proposal might be right for you.
Only a qualified Licensed Insolvency Trustee can provide access to federally regulated insolvency options such as bankruptcies and consumer proposals. It is against the law for anyone else to claim they can provide these services.
Become Debt Free
If you are experiencing financial difficulty, it is very important that you get financial advice and services from a qualified professional. With Smythe Insolvency you can be confident that you are dealing with a firm that has the necessary knowledge, experience and skills to help. We are licensed by the Government to administer insolvency proceedings, including consumer proposals.
Smythe Insolvency is a dedicated team of Licensed Insolvency Trustees and Qualified Insolvency Counsellors, serving you in nine British Columbia locations.
Extensive education and licensing process with mandatory continuing education
Anyone can be a Debt Consultant. No special education or training is required
Provides legal protection from creditors No legal protection from creditors
Creditor participation is mandatory Participation by creditors is voluntary
Interest stops upon filing Interest accrues, although often at a reduced rate
Includes all taxes, interest and penalties to the Canada Revenue Agency
Canada Revenue Agency must be paid in full
Fees are set by law and paid from the proposal and there are no additional costs
Fees are decided by the counsellor and are payable by you
If you are having financial difficulty, it is very important that you get financial advice and services from a qualified professional. With Smythe Insolvency, you can be confident that you are dealing with a firm that has the necessary knowledge, experience and skills to help. We are licensed by the government to administer insolvency proceedings, including consumer proposals.
