Our goal here at Pollard & Associates Inc. is to help you work through your financial difficulties.

Financial issues are more common than you think. Many individuals, families, and businesses have experienced financial difficulty. If you have never experienced financial problems before, it may feel unfamiliar and may seem like unchartered territory. It is not an easy process to work through. Knowing where to start and knowing who to go to for assistance is half the battle. At Pollard & Associates Inc. we have extensive experience in offering financial solutions, including filing consumer proposals in Richmond Hill.

Before creating an action plan, our Licensed Insolvency Trustee will evaluate your unique circumstances and begin to make some calculations. We will review your total debt, including secured and unsecured debt, and review your family income and expenses. We will also determine an amount that you can afford to pay each month to your creditors. At your initial meeting, you will be required to offer information regarding your financial status. Be prepared to discuss your liabilities, assets, income, and expenses. A complete list of your assets and liabilities will be required. Any information that is requested is to help determine if a consumer proposal is the best option given your situation.

A benefit of a consumer proposal is you are able to keep your assets, including your home and car. Also, you can avoid filing for bankruptcy, while offering your creditors a payment that you can afford. Filing a consumer proposal in Richmond Hill is simple with the right team supporting you and committed to helping you solve your financial problems. We will prepare and negotiate a proposal to your creditors, including Canada Revenue Agency if applicable. Our team will guide you through the process every step of the way. If a Proposal is not possible given your financial circumstances, we can assist you with filing a Bankruptcy.

Our team of professionals have a wealth of knowledge. They are well equipped to handle any situation or question. Some frequently asked questions include, how long does a consumer proposal last and am I able to pay it off in an earlier time frame than expected? Payments to your creditors in a consumer proposal are typically spread over a 60 month time period. If you are able to offer more each month, you can pay off your consumer proposal early. Another common question would be, what are my duties under a consumer proposal? You are required to make all payments and attend two debt counselling sessions with one of our registered BIA insolvency counsellors. Please note that the two debt counselling sessions are included as a part of your consumer proposal and there is no additional charge. Here at Pollard & Associates Inc., debt counselling is offered as part of our services. The last frequently asked question is, what conditions must be met for a consumer proposal to be accepted? Your offer must exceed what your creditors would have received if you had filed for bankruptcy and your consumer proposal must be viable, meaning the payments must be affordable for you over the course of the term of the consumer proposal. Most consumer proposals are graciously accepted by the creditors.

To inquire about a consumer proposal or to file a consumer proposal in Richmond Hill is as easy as making a phone call. Contact Pollard & Associates Inc. today for a free initial consultation and see if a consumer proposal is right for you!