Finding the Right Debt Solution for You
Are your creditors calling? Are your wages being garnished? Do you need help climbing out of a surmounting pile of debt? Unsure whether you should file a bankruptcy
or a consumer proposal
? Let A.C. Waring & Associates Inc. help you find the right debt solution for your needs.
What are the differences between filing a bankruptcy vs. a consumer proposal in Edmonton, anyway? A consumer proposal is just what it sounds like – we work with your creditors to try and reach a settlement if you’re having trouble making all of your debt payments as they’re currently structured. However, if your creditors refuse to negotiate, a bankruptcy might be in your best interest. When you file a bankruptcy, you halt harassing calls from your creditors and stop your wages from being garnished. However, not all of your assets are protected from seizure; some are often used to help pay back a portion of what you owe to your creditors.
When You Should Consider Bankruptcy
Filing a bankruptcy might be your best option, if:
When You Should Consider a Consumer Proposal
Filing a consumer proposal might be your best option, if: