Declaration of Bankruptcy
Are you tired of juggling your debts and living under constant financial stress?
You need a solution that allows you to regain control of your life and
to free yourself from your creditors once and for all.
N. Séguin Syndic is here to help you regain the financial peace of mind you need.
Why choose personal bankruptcy?
Are you overwhelmed by unmanageable debts?
Are you having trouble repaying your debts and paying the minimum amount on your credit cards?
Are your monthly payments late, resulting in calls from your bank? creditors to get their money back?
It is possible to avoid the loss of your home, car and other assets free of liens even if you choose personal bankruptcy!
Although the purpose of personal bankruptcy is to discharge your debts by handing over your seizable assets or their equivalent in value to your creditors, we can help you by proposing, for example, an asset purchase agreement.
Give yourself a fresh start
At N. Séguin Inc. our goal is to reduce or eliminate your debts while preserving your well-being and that of your loved ones. Our priority is to enable you to return quickly to a normal life, free from the burden of debt and the harassment of creditors.
Our approach as trustees in bankruptcy is different. We value our customers, offering them respect and trust. We take the time to assess each individual's needs and expectations, considering not only their financial situation, but also their overall well-being.
The benefits
- Stop or avoid garnishment of your wages
- Put an end to or avoid threats or legal proceedings against you
- Free yourself from all your debts
- Stop interest
- Protect your assets by negotiating a buy-back agreement for your unencumbered assets (car, house, RRSP, inheritance).
The ultimate solution to ease the burden of indebtedness !
Would you like more information about declaring bankruptcy?
Leave us your contact details and we'll get back to you as soon as possible. Don't put off this opportunity to take control of your financial future.
Reserve your place now by filling in the form below:
Other solutions are available
Free yourself from your debts with our licensed insolvency trustees, experts in financial restructuring, and regain serenity and stability.
with solutions tailored to your situation
FAQ
Got questions? We've got answers.
Debt consolidation allows you to consolidate your debts. It's not uncommon for people to opt for debt consolidation and still live with the stress of debt. This solution can be effective insofar as a person is able to repay 100 % of his debts with interest.
The consumer proposalThe syndic has the power to negotiate a reduction or extension of your payments with your creditors, depending on your ability to pay. By opting for the consumer proposal, you make just one payment per month, interest-free.
The main difference lies in the way debts are repaid and the consequences that follow. In a consumer proposal, you propose a repayment plan to your creditors, while in a personal bankruptcy, your assets may be liquidated to repay your debts. A consumer proposal often allows you to keep certain assets and avoid a forced sale. What's more, a personal bankruptcy may have a greater impact on your credit rating.
A consumer proposal is a legal solution offered to overindebted people to negotiate with their creditors and eliminate part of their debts. It works by allowing you to make an offer to your creditors to repay part of your debts over a given period.
Debt consolidation enables you to consolidate your debts by borrowing the total amount due from a financial institution. You then use the amount borrowed to pay off your debts. You then make a single monthly payment to the financial institution that lent you the total amount of your debts. Debt consolidation does not reduce the amount of your debts.
If the proposal is accepted by a majority of your creditors, you will be able to repay your debts according to the agreed terms, while avoiding personal bankruptcy.
Debt consolidation allows you to consolidate your debts. It's not uncommon for people to opt for debt consolidation and still live with the stress of debt. This solution can be effective insofar as a person is able to repay 100 % of his debts with interest.
The consumer proposalThe syndic has the power to negotiate a reduction or extension of your payments with your creditors, depending on your ability to pay. By opting for the consumer proposal, you make just one payment per month, interest-free.
Yes, it is possible to benefit from a consumer proposal even if you have been bankrupt in the past. However, it is important to consult a licensed insolvency trustee to assess your specific situation. The trustee will be able to determine whether a consumer proposal is the best option for you, taking into account your financial history and current needs.
A consumer proposal allows you to negotiate with your creditors to reduce the amount of your debts. However, it's important to note that some debts cannot be included in a proposal, such as alimony, criminal fines or debts resulting from fraud. A licensed insolvency trustee will be able to guide you on which debts are eligible and which are not.
The duration of a consumer proposal can vary according to individual circumstances. Generally, the process lasts between 3 and 5 years. During this period, you will be required to make the payments agreed in the repayment plan. These payments are based on your financial capacity and are determined in collaboration with the trustee.
