Consider the following options to help manage your debts
Work it out yourself with personal budgeting
Consolidate your bills by borrowing more money from a debt consolidation lender
Contact debt management consultants such as non-profit consumer credit counseling services in Calgary
Make a consumer proposal to your creditors
Debt arbitration: collection services and creditors often say they do not accept monthly payments; however it’s in your right that they must. You can negotiate and implement either a lump sum payment or monthly payment plan that fits and works with your budget.
File for bankruptcy with a Calgary bankruptcy trustee such as Grant Thornton Alger Inc. - Calgary bankruptcy trustees
For example, you may require a debt consolidation loan to consolidate your debts into one monthly payment; or, you may need consumer credit counseling. It is also possible that you will need to sell your house or your car to reduce your monthly expenses. Consulting with a licensed bankruptcy trustee about filing a formal consumer proposal to your creditors might be something that would help you.
An experienced bankruptcy trustee can help you analyze each of the available options against your specific circumstances and then you can make an informed decision in choosing a debt management solution that is best for you.
This site provides free information about personal bankruptcy in Calgary and personal bankruptcy alternatives in Calgary, including answers to common personal bankruptcy questions. Calgary Bankruptcy, Edmonton Bankruptcy, Alberta Bankruptcy, Canada Bankruptcy
