Your Trustee’s Role

• 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. 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, we will be able to tell you if this is good solution for you.