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Orangeville Consumer Proposal

Orangeville Consumer Proposal

In Canada, 118,050 people filed either Bankruptcy or Consumer Proposal in 2014. A Consumer Proposal is an alternative option rather than filing for bankruptcy. When you face uncertainty in your job, and you’re simply unable to pay your creditors from whom you borrowed money, debt and interest continue to acrue. Now, you’re faced with trying to buy more time to organize your finances. In Orangeville and as well in other parts of Canada, people who cannot pay all of their debt off due to their present situation, the Consumer Proposal is quite often the best option. A Consumer Proposal is a fair and stress-free solution for paying off your debt. It is a legal option that allows you to negotiate a settlement between you and your creditors to repay part of what you owe.

Procedure of Consumer Proposal

Your Trustee will file your Orangeville Consumer proposal with the court. He or she will send the notice to all of your creditors. After that, your creditors will have a deadline of 45 days to consider the offer the trustee has made them. Through the 45 days, you do not have to make any payment to your creditors, and they are unable to take any action of collecting anything from you. The report will be filed by your trustee, which will show your case, reasons for your financial hardships, and an overview of your assets, your creditors and your debt.

Advantages of Consumer Proposal

• You will be free to make your financial decisions.
• A Consumer Proposal will allow you to negotiate with creditors, instead of having to pay the full amount that you owe.
• You will make the monthly payments to your trustee. You can also make bigger lump sum payments if you can make an arrangement.
• You will not have to face disturbing, harassing calls from your creditors or collection agencies after making a consumer proposal. No further action will be taken against you from your creditors, or third party collectors.
• You won’t have to pay interest on your debt anymore.
• You will be able to keep your car and home.
• A consumer proposal in Orangeville is a great way to gather a number of unsecured debts into one low monthly payment. It will also give you a chance to get out of debt faster.
• A Consumer Proposal can be a good alternative if you do not want to file bankruptcy.

Disadvantages of Consumer Proposal

• When you go for Consumer Proposal option, you might need to sell some of your assets.
• You must make your payments as arranged otherwise it could put the settlement into jeopardy and make the agreement null and void.
• There are fees to file a Consumer Proposal in Orangeville.
• You will not be able to file another proposal if you default on your proposal.
• Your trustee will need to convince your creditors to accept your proposal.
• Only non-secured debt can be put into a proposal. Secured debt cannot.
• Student loans less than seven-year-old may not be included.

WHAT PEOPLE ARE SAYING…

  • “Rent-to-own made possible”
    We would like to thank Matthew and his team. We put a lot of money down on a Rent to Own property that we were renting, but we could not get anyone to help us out till we found Mathew. He made it happen and closed on time when know no one else could. From all of us here THANK YOU! We now own our own house!

    C.T., HAMILTON, ON
  • “Best Mortgage Team I've worked with”
    Matthew and his team are the best mortgage team I have ever worked with. They are extremely hard working and bend over backwards to get the job done no matter how complicated or difficult. If there is a way – they will find it. And it will be in YOUR favor. Matthew goes out of his way to set you on a path of success. This is our second mortgage process we have gone through with Matthew, and we are in a better position now than we were the 1st time – all due to Matthews efforts and guidance. After following his recommendations and guidance over the next year we will use Matthew again for our next mortgage and be in an even better position then. If you need a mortgage done, no matter how complicated, call Matthew. He’ll make it happen.

    M.Z. BRANTFORD, ON
  • “No hesitation recommending”
    Matthew’s knowledge, experience and above and beyond work ethic sets an exemplary standard of professionalism and accountability. His integrity and drive is second to none… He truly is a miracle worker!! I have no hesitation in recommending his services to anyone seeking expert assistance. I’m beyond grateful and blessed!!

    M.D., BINBROOK, ON
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    Access mortgage did a great job in getting us a mortgage. It was a tough deal and they were able to get it done when others couldn’t. I would not hesitate to use them again.

    BEA - CAMBRIDGE, ON
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    I just want to say 'thank you' to all of you, especially Matthew. The financial stress started affecting my health and my life. I could not sleep or focus at work. Now it has given me control on my life by connecting me to a great lender. I have gone from being full of stress to being stress-free.

    JULIE - HAMILTON, ON
  • “From full of stress to stress-free”
    I just want to say ‘thank you’ to all of you, especially Matthew. The financial stress started affecting my health and my life. I could not sleep or focus at work. Now Access Mortgage has given me control on my life by connecting me to a great lender. I have gone from being full of stress to being stress-free.

    M.D., MISSISSAUGA, ON
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    Thank you for all the help that you gave me, most patiently and with deep understanding. I was very comfortable asking you everything and anything. Your team did great job in making me understand the financial side. I have learnt a lot. Thanks to Matthew for taking time to come to my place. He not only did his work, but for a short time, took me back to most nostalgic memories of my life, before I came to Canada. I am also grateful to the lawyer for coming to my place to meet with me, and quickly closing the mortgage and releasing the funds.

    S.S., MISSISSAUGA, ON
  • “Got creditors off our back”
    I can’t say enough how great your company has been. Matthew, thank you so much for making all of this process so easy for us. Our bank would not help us and you were amazing. Your company kept us informed every step of the way, and not once were we made to feel inferior like our bank did. The lawyers you set us up with were also awesome. I will highly recommend your company to anyone looking for mortgages. Thank you so much for getting creditors off our back and setting us on the right track. You guys are all amazing. I’m also so impressed that you came to us do to everything.

    K.K.P., HAMILTON, ON
  • “Best mortgage team I’ve worked with!”
    Matthew and his team are the best mortgage team I have ever worked with. They are extremely hard working and bend over backwards to get the job done no matter how complicated or difficult. If there is a way – they will find it. And it will be in your favour. Matthew goes out of his way to set you on a path of success. This is our second mortgage process we have gone through with Matthew, and we are in a better position now than we were the 1st time – all due to Matthews efforts and guidance. After following his recommendations and guidance over the next year we will use Matthew again for our next mortgage and be in an even better position then. If you need a mortgage done, no matter how complicated, call Matthew. He’ll make it happen.

    C.H. - ST. CATHARINES, ON
  • “Extremely Fast!”
    Access Mortgage was extremely fast and explained everything well. We were very happy with their professional service and honesty. I would definitely refer them.

    LISA - BRANTFORD, ON
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