There is good debt and there is bad debt. Good debt helps you achieve realistic goals, such as buying a home or going to school. Bad debt is when excessive spending on consumables results in a lot of unpaid bills. Bad debt can cause financial problems, but so can over-reliance on credit cards and lines of credit due to separation, unemployment, also unsuccessful business. Add any of economic recession, falling real estate values, unpaid income taxes, poor health, or denial of insurance coverage and the financial problem deepens. We can help you get rid of your debt.
Canada's licensed professionals for consumer proposals to creditors and bankruptcies are now known as Licensed Insolvency Trustees. LITs are the ONLY parties that can authorize, file and administer a consumer proposal to creditors on your behalf and they are the only parties that can file and administer your bankruptcy. They will show you the very best path to financial recovery! Every year there are over 100,000 bankruptcies and consumer proposals to creditors, all done by LITs.
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