We have all seen the signs around Windsor. The company states you can avoid bankruptcy and they can get your debts reduced to 30%. Wow, sounds like a great deal doesn’t it? Sure, it’s called a consumer proposal. Who is allowed to administer a consumer proposal? A bankruptcy trustee. Don’t let our title scare you. Both consumer proposals and bankruptcies are administred by the same piece of legislation called the Bankruptcy and Insolvency Act.

And what about the ads? What does that company do. Callers have told me they will first charge you a fee to meet with them. I have been told that you need to bring $300 cash to your meeting. They will then help you complete the paperwork and refer you to a bankruptcy Trustee, but only after paying them an application fee. I have been told that application fee is anywhere from $500 to $1500.

So I guess you need to make a decision. You are having financial difficulties but you don’t want to file for bankruptcy (that’s ok, bankrutpcy is not always the best solution). You can call the company with the ad, pay them a bunch of money, and then have them refer you to a bankruptcy Trustee. Or you can call me, and I am a bankruptcy Trustee, at 519-250-8060 or 310-PLAN or email me and we can arrange a NO CHARGE meeting to review your situation in detail.