Financial difficulties can arise at any time for many reasons. More often than not, filing a Consumer Proposal can help you satisfy your creditor obligations without filing for bankruptcy.
Depending on your circumstances, the majority of your debts, up to and even over 90% of debts, in some cases, can be eliminated with an open payment arrangement extending for up to 5 years without creditors being able to charge additional penalties or interest.
Kunjar Sharma & Associates Inc. has successfully filed over 6,000 Consumer Proposals. Our experience enables us to help you better understand the proposal process and how it will address your specific financial problems. We explain in simple terms: the time lines, flexibility of payment options (including early pre-payment) as well as the responsibilities imposed on a person who files a Consumer Proposal.
For comprehensive financial solutions, including assistance with Consumer Proposals, Personal Bankruptcy services in Toronto, and more, turn to our experienced team at Kunjar Sharma & Associates Inc.
Consumer Proposals are intended to help reduce the number of bankruptcy filings by allowing persons who owe less than $250,000 (excluding mortgages on their homes), to reduce their obligations based on what they can afford over an extended period of time. The procedure to be followed for Consumer Proposals is quite simple and easily adapted to meet your needs.
Additionally, for those seeking guidance in managing their finances, Kunjar Sharma & Associates Inc. offers Credit Counselling Services in Toronto to assist in making informed financial decisions.