Best Bankruptcy Service Winnipeg Near Me

4worldlovers:
At LCTaylor, we have been serving the Winnipeg community for over a quarter of a century. The founder, Leigh Taylor, has been the driving force behind our company. You might be surprised at the level of commitment you get when you contact us. Over 50,000 Manitobans have experienced the positive difference we have been able to make for them and their families.

4worldlovers: MNP Debt helps people in Winnipeg who are experiencing financial distress as a result of debt. Non-judgmental and unbiased, our Licensed Insolvency Trustees review your financial situation with you and advise on the best solution, which may be a Consumer Proposal, debt consolidation, or Bankruptcy. We’re there throughout the process so you can move forward.

4worldlovers: Money problems can happen to anyone and we can help you resolve your financial problems through many options, not just bankruptcy. For individuals in Winnipeg and throughout Manitoba, we can help you get out of debt with a consumer proposal to your creditors, file bankruptcy, or consider debt consolidation and other debt help options.

This location is pleased to offer consultations over the phone, via video or in-person (by appointment only).

Our Winnipeg office is conveniently located in the Tuxedo Business Park, off Kenaston, south.

Grant Thornton Limited Winnipeg helps people with overwhelming debt get financial fresh starts.

We are Licensed Insolvency Trustees (LIT, formerly known as Bankruptcy Trustees). LITs are the only professionals authorized to administer government-regulated insolvency proceedings that allow you to be discharged from your debt, such as consumer proposals and bankruptcies. Once you file a proposal or bankruptcy, we deal directly with your creditors on your behalf, and unsecured creditors are prohibited from contacting you or filing legal proceedings against you.

4worldlovers: To put it in its simplest terms, a Consumer Proposal is a settlement offer to your creditors. When filing a consumer proposal Winnipeg residents – and all other Canadians – can no longer be targeted for collection actions by creditors. A Stay of Proceedings is put in place upon the filing of a consumer proposal. In this way, filing a Consumer Proposal is similar to filing for bankruptcy.

You must be insolvent, (insolvency means you are unable to pay your debts as they come due, or the value of your property is less than your debts) owe between $1,000 and $250,000, and be a resident of Canada in order to file a consumer proposal. Winnipeg residents, and all Canadians, owing more than $250,000 can still file a proposal, just not a consumer proposal. Couples filing a joint proposal can file if they jointly owe under $500,000.

Once a consumer proposal is filed, creditors have 45 days to respond to the proposal and vote on the proposal. If 25% or more, by dollar value, of your creditors vote against the proposal and request a meeting of creditors, a meeting of creditors must be held. At the creditor meeting, the proposal will be accepted or rejected by a simple majority of creditors. If the proposal is initially rejected, it can be amended to something that will hopefully be accepted. If an agreement cannot be reached, bankruptcy is always an option.

In a consumer proposal Winnipeg residents, and all Canadians, are required to attend the same two counselling sessions as in a bankruptcy. If the counselling sessions are not attended, the Consumer Debtor is not eligible for a certificate of Full Performance, which would otherwise be received once all payments are made.

No fees in addition to the proposal payments offered to creditors

A Consumer Proposal can be a path to affordably repaying at least a portion of what you owe

The end result of a Consumer Proposal will be to get you out of debt

Once your Consumer Proposal is filed, you will be automatically protected from collection efforts by your creditors through a Stay of Proceedings

Consumer Proposals are by nature flexible – yours can be tailored to your unique needs

A Winnipeg Consumer Proposal may cost more and last longer than a bankruptcy

If you fail to uphold your side of the Proposal and complete all payments, you will again owe the full amount (less payments already made to your creditors). Your debt will only be erased when agreed upon payments are made in full.

Some debts cannot be discharged through a Consumer Proposal, including: loans under the Canada Student Loans Act where the Consumer Debtor ceased to be a full or part time student within 7 years of filing the proposal; alimony, maintenance, and child support; fines and penalties issued by the court; debts resulting from fraud or misrepresentation; awards of damages by a court resulting from intentional injury claims

It’s impossible to determine how much your consumer proposal will cost without first acquiring the necessary details. The cost of your consumer proposal will vary based on these factors:

Other factors which will be determined in your meeting with the Trustee

The best way to get an estimate on your consumer proposal is to meet with a Licensed Insolvency Trustee. Get in touch and we’d be happy to work with you on finding a solution that will free you from your debt.

Similar to the answer above, unfortunately, there’s no easy way to quickly determine the exact amount to pay for your consumer proposal without first meeting with a Licensed Insolvency Trustee (the only person that can actually file a consumer proposal). So there is no consumer proposal calculator per se.

At Caplan Debt Solutions, we go out of our way to ensure that the entire process is totally transparent and straightforward. You’ll understand where every dollar is going and why it’s going there, ensuring that no details are missed or money misallocated; we’re here to help you get free from your debt as quickly and respectfully pain-free as possible.