Options and solutionsConsumer Proposal
Your Trustee’s Role in Quebec
- Analyse your financial situation
- Counsel you on the advantages and disadvantages of the offer
- Counsel you on the amount to offer
- Elaborating and preparing your offer
- Preparation of a report to give to creditors to press the offer
- Discussion and negotiation with your creditors
- Collection and distribution of your payments to your creditors
Effects and advantages
- Conservation of your possessions
- Stop legal action against you
- Doesn’t allow creditors to call you or demand a sum
- All interests stops growing
- All non-guaranteed creditors are liable for the offer, even the ones who voted against it
- Doesn’t allow termination or modification of a contract with you simply because of your offer
The number of offers has almost doubled in the last 5 years in Quebec. For the people who have equitable assets (a higher than market value mortgage) and good revenues, this option should always be part of the possible solutions. After an analysis of your financial situation, at Pomerleau & Associates, we will be able to tell you if this is a good solution for you.
A member of our team, at Pomerleau & Associates Syndic Inc., will happily help you regain control of your financial situation. Take a first appointment now, it is free and confidential.
Contact a member of our team