Information About David Sklar & Associates Blog

Featured answer To choose the right debt solution, compare your income, total debt, interest rates, assets, credit score and creditor pressure. If you can repay the full amount, consolidation or credit counselling may help. If repayment is not realistic, a consumer proposal or bankruptcy may need to … Read more »

Featured answer Your consumer proposal payment depends on your income, expenses, assets, total debt and what creditors are likely to accept. Payments are made through a Licensed Insolvency Trustee, and the proposal cannot last more than five years. The goal is a payment that is affordable and better … Read more »

Featured answer In many cases, you can keep your house or car in a consumer proposal, as long as you continue making required secured loan payments such as a mortgage or car loan. A consumer proposal deals mainly with unsecured debts and may be a way to avoid bankruptcy while protecting important as … Read more »

Featured answer You should speak to a Licensed Insolvency Trustee in Canada because they are federally regulated debt professionals who can explain your options and administer consumer proposals or bankruptcies if needed. A trustee can help you understand whether you need a legal debt solution or an … Read more »

Featured answer Some debt relief services are regulated, but not all are regulated in the same way. Consumer proposals and bankruptcies are federal legal processes administered by Licensed Insolvency Trustees. Debt consolidation loans, credit counselling and debt settlement services may have differe … Read more »