McLay – Our Services

By: Mclay  09-12-2011
Keywords: Unsecured Creditors

McLay & Company work hand in hand with our clients to help resolve their financial problems. Learn about options and solutions that can ease the strain of creditor and debt related issues.

A Proposal is an offer to pay all of your unsecured creditors on payment terms you can afford. In order to file a Proposal you must work with an Administrator. 

Bankruptcy is a solution not the problem. Choosing bankruptcy as the best solution to your financial problems is not easy, but it lets you start again and relieve the pressure of severe debt.

Keywords: Unsecured Creditors

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09-12-2011

McLay – Trustee in Bankruptcy Services

When you weigh the affects of your debt on your daily life: your job performance, your family and personal relationships, bankruptcy can be the most realistic option to regain control of your life. Choosing bankruptcy as the best solution to your financial problems is not easy, but it lets you start again and relieve the pressure of severe debt. You can start rebuilding your credit rating once the bankruptcy is over.


09-12-2011

McLay – Consumer Proposal Services

Under the Bankruptcy and Insolvency Act there are two types of Proposals: Division I Proposals and Consumer Proposals. A Proposal is an offer to pay all of your unsecured creditors on payment terms you can afford. Usually only one payment per month to the Administrator with no interest. The payments are based on your ability to pay.


09-12-2011

McLay – Bankruptcy Frequently Asked Questions

There are standards supplied by the Superintendent of Bankruptcy that require the trustee to collect funds, for the benefit of creditors, from excess earnings over what is determined to be a reasonable amount for the number of people in the household and the bankrupt's personal situation.