Remolino and Associates, a reputable licensed insolvency and bankruptcy trustee, shared this critical information surrounding consumer proposals to help many people struggling with debt in their businesses. Remolino & Associates licensed insolvency trustees said that it chose to share this vital information to give people an idea of handling their debts if they are having a hard time paying them off.
Remolino and Associates started by defining what a consumer proposal is in Canada. They explained that a consumer proposal is a legal agreement made between an individual and their creditors and is administered by federally regulated professionals referred to as licensed insolvency trustees on behalf of the client. They explained that the proposal is a detailed offer for one to repay their creditors for up to five years. It was also noted that consumer proposals could reduce one’s total debt by up to seventy-five percent.
Remolino and Associates also mentioned a distinct process that people should look out for when looking for and working with a company to make a consumer proposal. First, the reputable company said that it is essential to work with a licensed insolvency trustee to identify the best debt-relief option for the situation. They stated that working with such a company will go a long way in settling for an option that is workable with the client’s needs. One of the specialists said, ’Our Toronto office location is ideal and welcomes all clients for a free assessment.’
Remolino and Associates also specified that coming up with a consumer proposal is systematic and should be followed to the latter. First, the licensed insolvency trustee will assess one’s assets and debts to develop a consumer proposal for the creditors. The client will then sign some documents followed by filing the papers in court. At this stage, the creditor will have the option of accepting or rejecting the offer within forty-five days.
Remolino and Associates also shed light on how clients should select a licensed insolvent trustee. They stated that it is critical to choose the right firm to help one with coming up with a consumer proposal since it is a delicate affair. The licensed insolvent trustee said that the most crucial aspect to consider is licensing, especially with the mushrooming firms that claim to handle consumer proposals. Only a licensed company will enable you to reach a deal with your creditors. It also mentioned that it is equally important to identify a company with immense experience in this field, making it a guarantee that one’s consumer proposal in Canada will go through.
About Remolino and Associates
Remolino and Associates is a respected company in Ontario, Canada, focusing on consumer proposals, bankruptcy, and business debt solutions. Thanks to the knowledgeable specialists buzzing with vast experience, the company has gained ground in these fields.
Media Contact
Company Name: Remolino & Associates Consumer Proposals & Licensed Insolvency Trustees
Contact Person: Francisco Remolino
Email: Send Email
Phone: +14377475910
Address:1180 Danforth Ave
City: Toronto
State: ON M4J 1M3
Country: Canada
Website: https://bit.ly/remolino-and-associates-licensed-insolvency-trustees