Debt Solutions

SOLUTIONS ADAPTED TO YOUR SITUATION

Are you facing any of these debt situations?

  • You are making an advance on one credit card to pay for another?
  • You frequently make late payments on your bills?
  • You have more than three (3) credit cards with high unpaid balances?
  • Your credit limit has been reached on your credit card or line of credit?
  • You make only the minimum payment required on your credit cards?
  • You receive many calls from creditors and collection agents?

If you answered "yes" to one or more of these questions, contact us without delay for our assistance.

5 solutions to make a fresh start

Poupart Trustee wants to offer you the best possible solution. It is important to know that there are a number of options before you consider declaring bankruptcy: debt consolidation, consumer proposals, financial restructuring and voluntary deposits. Explore the five options available to you.

01

Debt Consolidation

Debt consolidation is a loan granted by a financial institution that enables you to repay some of your creditors in one single payment, based on your present budget.

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02

Consumer Proposal

A consumer proposal consists of making an offer to your creditors in order to modify your obligations to them. It is also possible to make smaller monthly payments, so that you can then spread them out over a longer period of time.

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03

Financial restructuring

Financial restructuring consists of providing you with a balanced budget in order to reduce the risks of finding yourself again in financial difficulties or in a debt situation.

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04

Voluntary Deposit

Voluntary deposit is a procedure to enable you to make monthly payments to the Court, based on your income and the number of your dependents. It is then the Court that has the responsibility of distributing the payments to your creditors.

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05

Personal bankruptcy

Personal bankruptcy is a legal process, established by law. This procedure is intended to free you from your obligations to your creditors, while canceling the majority* of your debts under reasonable conditions.

*Certain exceptions apply.

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Meet one of our financial reorganization advisors

In order to provide you with all the information you need to understand before reaching your decision, Poupart Trustee is committed to making a full diagnosis of your situation. Once this analysis is completed, we will be able to provide you with a strategy to get you back on track so that you can then keep better track of your finances. Our advisors will also put financial arrangements in place, while taking charge of negotiations with your creditors. The ultimate goal is to rebuild trust with your bank and your lenders.

Throughout the various steps you will be taking, Poupart Trustee will act as a middleman between you and your creditors, in order to facilitate negotiations. We will also draw up a financial report and analyze your creditors' positions, in order to quickly offer you short-term solutions. Once the agreement is reached with your creditors, our team will develop an efficient and realistic repayment action plan.


Free consultation

Complete and send this form to obtain a free consultation with one of our advisers