|here to help|
doesn’t always mean bankruptcy
Helping people for 45 years
to the highest standards
by the Federal Government
by the Superintendent of Bankruptcy
Contact us in in Thunder Bay and NW Ontario to review bankruptcy, a consumer proposal, and other debt help options.
979 Alloy Drive, 3rd Floor
Thunder Bay, Ontario
Licensed Insolvency Trustee, Bruce Alger, discusses what to expect when you come in for a free consultation.
If you require debt help in Thunder Bay or NW Ontario, there are several options available to assist. We will review all of your options, not just bankruptcy. Everyone's situation is unique and we can help you explore all possible solutions before you make any decisions. Our professional team is understanding, respectful and here to help you get out of debt.
When to file bankruptcy
When your financial obligations can no longer be met, this legal option enables you to get immediate protection from your creditors. You can get a fresh start. The bankruptcy process in Thunder Bay and NW Ontario will normally take either nine or 21 months following the initial filing. For a second time filing, the period is extended to either 24 or 36 months. The minimum period will be dependent on your actual income and that of the household. Read more ...
What if I owe a lot of income tax debt to the CRA?
You can only make a deal with the Canada Revenue Agency for tax debts owing by filing a proposal under the Bankruptcy and Insolvency Act (BIA). Read more ...
There are many debt help options. Speak to us by phone or in person. It's a confidential, no cost and no obligation consultation to review all of your options, including a consumer proposal to your creditors, debt consolidation, or bankruptcy.
A debt consolidation loan gathers your debt into a single amount so that you can repay multiple creditors through one monthly payment. The interest rate is often lower than what your existing creditors offer. If your bank turns you down for a debt consolidation loan, we can help you with other options to get out of debt.
A consumer proposal is a legal process during which the Licensed Insolvency Trustee makes an offer to your creditors to stop interest accumulation and pay them a percentage of what you owe. A proposal allows you a fresh start without declaring bankruptcy.
You can make a proposal if you:
are not presently in bankruptcy
owe at least $1,000
are not able to meet your regular payments as they become due; or
would not be able to pay all of your debts if all of the assets you are not allowed to keep are sold
Richard is the father of two young daughters. He was in debt and considered filing bankruptcy. When he and his spouse filed for divorce, the burden of supporting two households fell on his shoulders and his debt load began to grow.
By completing the Debtor Information Form you could be on the way to resolving your financial difficulty. You are NOT committed to any course of action.We will review all debt help options.
© 2017 Grant Thornton Limited, Licensed Insolvency Trustees. All rights reserved. Thunder Bay Licensed Insolvency Trustee - bankruptcy on Google+
Make an appointment