Irving A. Burton Limited, 905-427-6647
577 Kingston Road West, Ajax, Ontario
- SERVICES
BANKRUPTCY is a legal process available to individuals experiencing extreme financial strain. This process allows the person to be released from his or her debts in order for them to recover financially and ensuring that they can then meet their and their families needs.
The bankruptcy process provides for the bankrupt's property to be fairly distributed amongst his or her creditors. However, not all of a bankrupt's property is seizable and will depend on the laws of the province and the value of the asset amongst other things.
The Trustee will educate you as to your rights and vulnerability prior to and throughout the bankruptcy.
PROPOSALS are a positive alternative to bankruptcy. The process allows an individual feeling crushed by debt to eliminate a large part of their debt and pay a portion to the creditors through a Trustee.
Consumer and Division 1 proposals are also legal processes like bankruptcy but with some significant differences such as assets are not affected in a proposal.
The Trustee will assist you in determining if this option is suitable for your unique situation and educate you on how the entire process will affect you.
CREDIT COUNSELLING/BUDGET COUNSELLING
The Trustee is available to discuss all the various options that are available for you including credit and budget counselling. It is important that each person make an informed choice before taking any of the steps required to financial recovery.
