Charles Advisory Services offers trusted debt solutions that work for your personal needs. We will work with you to alleviate stress, stop collection calls, and help you rebuild your credit. It is our goal to help each client understand their options and know that there is always a solution, regardless of the amount of debt you owe or your current financial situation. Whether it is a consumer proposal, debt consolidation solutions or bankruptcy services we will lessen the burden of debt and help you get your life back on track. Take control of your financial future, and call us today.
“Debt free” is simply an advertising term used by many firms, Licensed Insolvency Trustees and otherwise. For most of us, we don’t want to be “debt free”. Paying on a mortgage, paying on a car loan, are good positive forms of debt. Building and having a good credit report helps us accumulate the assets most of us want in life. That said, too much debt, collection agency phone calls, income tax arrears cause stress in our life that requires most of us to get help. It is that help a Licensed Insolvency Trustee can provide.
The decision to file a bankruptcy is a very personal decision. If you are not able to pay all your bills on time as required by your creditors, you should get advice from a Licensed Insolvency Trustee in Toronto. Make sure if you go to a company that advertises themselves as Licensed Insolvency Trustees that you are actually talking to a Licensed Insolvency Trustee, otherwise you are simply talking to a salesperson. Whether you need to file and what you may best benefit from filing, a bankruptcy or a proposal is based on many different factors, and what is right for you is not necessarily right for anyone else.
A Proposal is an offer made by an individual or a Company to their creditors to repay all or part of their debt, without interest on terms agreed upon as part of the Proposal.
Although a simple question, there is no simple answer. The cost of bankruptcy depends on your income, the realizable value of your assets, whether or not you have previously been bankrupt and whether one of your creditors chooses to participate in the bankruptcy. The minimum cost of a bankruptcy is $1,875.00 payable on terms as agreed upon.
Yes. Pursuant to Canadian bankruptcy law income tax debt is part of the debts included and discharged by bankruptcy.
Office of the Superintendent of Bankruptcy – An agency of the federal government, they regulate Licensed Insolvency Trustees. Search their website and you can find a great deal of information about bankruptcy in Canada. Canadian Association of Insolvency and Restructuring Professionals - A professional association that provides information about Licensed Insolvency Trustees and the Chartered Insolvency and Restructuring Professional designation used by most trustees across Canada. Law Society of Ontario – The governing body of lawyers in Ontario, they also have a referral service if you need to find a lawyer.
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Charles Advisory Services Inc.200 Evans Ave Unit 8
Etobicoke, ON
M8Z 1J7
Monday – Friday, 8:00 AM – 5:00 PM
