If you are experiencing difficulty managing your debt, a Manitoba Licensed Insolvency Trustee (formerly known as a Bankruptcy Trustee) can provide information and advice on all of the different debt management options available and help you to decide which one is most appropriate for you.
In the area of debt consulting, there are a good number of unregulated debt and credit consultants. They are not Licensed Insolvency Trustees, but they often offer informal proposals. It is important to know that these agencies do not have the full range of options available to them, and that the informal proposals they offer do not provide any of the legal protections provided in a formal Consumer Proposal administered by an LIT. In an informal proposal, creditors are not legally bound to adhere to the proposal, nor do they have the legal ability to prevent or stop wage garnishments.
An LIT is the only professional who is federally regulated to administer a Consumer Proposal. LCTaylor’s Trustees can guide you through every step of the process.
When choosing an LIT, it’s important to look for someone who has the knowledge, skills, and local experience necessary to provide the best advice on your Consumer Proposal.
When you work with LCTaylor, you can expect to be treated with respect, professionalism, and compassion. It is our goal to exceed your expectations as we help you to take control of your debt.
Reach out for a free and confidential consultation today.