Licensed Insolvency Trustee in Cochrane

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Consequences of Unmanageable Debt

There are many consequences for those not actively seeking debt help in Alberta. Not only can debt lead to increased anxiety and depression, but it can negatively impact your lifestyle, family, and most importantly, your financial health. As your debt increases, you’re more likely to spend money on high-interest payments. If you’re already strapped for cash, you’ll have to dip into your savings. The more money you remove, the less likely you’ll replenish it.

In many cases, people seeking debt relief will take out a loan or use their credit cards to try and take care of their debts. While that might seem like a good move at the time, you’re just borrowing money you’ll have to return in the future.

Juggling payments while trying to make a living isn’t an easy task. Some debtors resort to working multiple jobs and burn out from all the stress and long hours, while others start missing payments, which harms their credit score. As your financial health worsens, it becomes much harder to get back in control. That’s why you should consider learning about the debt management solutions available to you. 

How To Get Started

We can be your solution if you’re looking for debt help in Cochrane, AB. We’ll go over all of your debt management solutions, such as consumer proposals, filing for bankruptcy, or credit counselling. In many cases, we find that a consumer proposal or bankruptcy is the most efficient way to find debt relief, but our goal is to help you understand all your options. 

Reach out to us for more information or to schedule your free consultation. After your consultation, we can get started on the best way to reduce your debt and rebuild your finances.

Our Services

Debt Consolidation

Considering debt consolidation? Our trustworthy Licenced Insolvency Trustee can equip you with the right information. While Trustees do not offer consolidation loans, they’ll help you understand what Financial Institutions will consider when looking at your credit history, and what other options might reduce your debt more quickly.

They’re not motivated by sales targets, nor are they interested in selling you products that you don’t need. They’re here to ensure that you find solutions for your debt and put your needs first before anything else. If you don’t qualify for a consolidation loan, you may still qualify for a consumer proposal.

Consumer Proposal

Our trained team will sit down with you and design a payment plan that will be manageable for you and your creditors. A consumer proposal is a good option if you’re looking to reduce the interest or overall amount that you owe. In the end, you pay what you can afford while we do all of the negotiating on your behalf.

Credit Counselling

With our credit counselling services, our team will walk through your finances and budget to explore any situation-specific options that can help you pay down your debt faster. We have licensed and qualified Bankruptcy and Insolvency Act Financial Counsellors that can help make your budget work for you. Ask for your financial counselling appointment today – you may even find there are options available to reduce your debt more quickly than budgeting alone.

Corporate Restructuring

Corporate restructuring may be necessary if your business is facing debt, as conventional refinancing may not be an affordable option. Our Licenced Insolvency Trustee is more than equipped to help you search for alternatives that will protect you and your business. We will examine every possible option to save your employees’ jobs and your investment. With a background in commercial lending, our team understands the unique challenges your business may face.

Bankruptcy

For those that may be looking for a financial reset, filing for bankruptcy is one of many options used to break free of debt. Bankruptcy is a complex legal process, and it requires that each client fulfil their duties. It helps to have trustworthy guidance as you go through the process. Our Licenced Insolvency Trustee is an expert when it comes to anything related to bankruptcy. If you have any questions regarding whether or not the bankruptcy option is right for you, ask for your free consultation today. We offer virtual meetings, and in-person consultations, with anyone requiring our services.

You don’t have to deal with financial burden alone. Contact C. Buhler & Associates Ltd., Licenced Insolvency Trustee. Their trustworthy guidance will provide you with the information you need to select the proper service to lessen your debt and put you back on the road to financial recovery.

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