Financial Services provided by Beth Maynard & Associates Inc.
Thousands of people experience financial difficulty every year due to unemployment, medical issues, marital separation, financial mismanagement, and many other reasons. Consulting a bankruptcy trustee may help you find solutions to your financial problems.
Make an appointment for your free, confidential consultation with a member of our professional team. We will explain your options, answer any questions you may have, and give you all the information you need in order for you to decide how to proceed.
At Beth Maynard & Associates Inc., we offer two solutions to your financial concerns:
A consumer proposal is an arrangement made to repay all or part of your debts. We help to determine a repayment plan that you can afford and what terms will be acceptable to your creditors.
A successful proposal will allow you to avoid bankruptcy, stop creditors from taking legal action against you, and deal with most or all of you creditors in a single payment.
A consumer proposal may be the right option for you if you have a stable income that can sustain payments over an extended period of time.
Bankruptcy is a legal process which can provide you with relief from most or all of your debts. Filing a bankruptcy also stops creditors from taking legal action against you. However, bankruptcy does have a negative effect on your credit rating.
When considering filing for bankruptcy, many people wonder if they will lose all or some of their assets (for example, a car, house, or RRSPs). Some assets are exempt under provincial law, including a vehicle with a value of up to $5650, a portion of RRSP’s, RPP’s, personal effects, furniture and tools of the trade. It also may be possible to make arrangements with the trustee to keep certain assets. As each person’s situation is different, we will discuss your options for dealing with your assets with you prior to filing a bankruptcy.