Debt Free Life
Welcome to "Debt Free Life," a podcast dedicated to helping Canadians take control of their finances and eliminate debt. Presented by David Sklar & Associates, a supportive and caring team of Licensed Insolvency Trustees, we're committed to guiding you toward a brighter financial future.
Join us as we explore a wide range of topics, including Consumer Proposals, Credit Counselling, Division 1 Proposals, Personal Bankruptcy, Debt Consolidation, Student Loans, Money Management, Protection from Creditors, Income Tax Debt, Wage Garnishment, Budgeting, Saving, and so much more. Our knowledgeable and compassionate team shares insights and strategies to empower you with the tools you need to make informed financial decisions.
At "Debt Free Life," our mission is to provide education and support as you navigate the world of insolvency. Tune in to start your journey toward financial freedom and a debt-free life.
Debt Free Life
What is a Consumer Proposal and how can it help me with debt?
Many people struggling with debt in Ontario have considered filing for personal bankruptcy but are concerned about losing their assets and the consequences that follow. In some cases, bankruptcy is the right solution, however, most debt problems can be solved with a Consumer Proposal, the #1 alternative to bankruptcy.
A Consumer Proposal is a way of consolidating all your debts and offering to pay your creditors a smaller percentage of what you owe them. It’s a legal agreement you make with the help of a Licensed Insolvency Trustee and is a federally regulated program. It also has several advantages over a bankruptcy, whereby you get to keep all your assets, freezes interest charges, stops collection calls, and stops any legal actions made against you. Once your consumer proposal is accepted you will make one low monthly payment to your Licensed Insolvency Trustee, who will then distribute the funds to all your creditors.
Listen in and find out why a Consumer Proposal is the #1 alternative to bankruptcy.
Related Links:
What is a Consumer Proposal?
https://davidsklar.com/blog/what-is-a-consumer-proposal/
Consumer Proposal or Bankruptcy? What Is the Best Choice for You:
https://davidsklar.com/blog/consumer-proposal-or-bankruptcy-what-is-the-best-choice-for-you/
The Role of a Consumer Proposal Administrator:
https://davidsklar.com/blog/the-role-of-a-consumer-proposal-administrator/