Consumer Proposals and How They Benefit You
Filing a consumer proposal in Red Deer is a valid debt repayment option if you want to consolidate some or all of your debt. It is a formal settlement of what you owe to your creditors, handled by the Licensed Insolvency Trustee at Blanchard & Company Ltd. on your behalf as provided for by the Bankruptcy and Insolvency Act. It will eliminate a percentage of the original amount owed and stop interest so you can actually afford to pay your outstanding debt based on your income and the amount you owe.