An insolvency counsellor or bankruptcy trustee from Ginsberg, Gingras & Associates Inc. will conduct a detailed review your budget in a respectful and constructive manner:

Negotiation with creditors is sometimes called an informal proposal and is process that allows a debtor to negotiate an arrangement with his creditors without resorting to the formal processes provided for in the Bankruptcy and Insolvency Act.

What is a consumer proposal ?

• Offer of repayment to your creditors without interest at a rate you can afford
• Only one monthly payment to the trustee for all your debts
• Funds proportionally distributed by the trustee to your creditors