Preparing a proposal to your creditors often makes the most sense for managing debt, particularly if you simply can't afford to repay all of your creditors in full. There are other criteria to consider, so the most important thing to know is that the initial consultation with McLennan & Company is free. Talk to us today. A bankruptcy filing provides immediate relief from your unsecured creditors. Wage garnishments will cease, collections calls will stop. The cost of filing depends on your specific situation, in particular whether or not you have "surplus income" or assets that are not exempt. These costs can be managed through monthly payments.
If your debts are piling up and you are considering filing for bankruptcy, please give us a call and let us help you explore all your financial options in a way that allows you to have a fresh start in life and be on the road to financial stability.
If you are experiencing financial hardship, it is in your best interest to speak with a trustee now and learn about all available options. Preparing a consumer proposal can be a very fitting solution and is sometimes more desirable than bankruptcy protection. Waiting too long to enlist the aid of a trustee and explore the alternatives fully can have the result that some of the best avenues for resolution are no longer open. When you go through a consumer proposal or bankruptcy, regular meetings with a credit counsellor are a mandatory part of the process. But, taking time to meet with a counsellor can be a wise course of action long before you reach the stage of needing a proposal or bankruptcy. If you are having trouble meeting your financial obligations, talk to us. We can help you create a budget that will allow you to pay down your debts, save for retirement and eliminate your stress.
Contact us today for more information about:
- Filing a Creditor Proposal
- Filing for Bankruptcy
- Consumer Proposal London Ontario
- Credit Counselling London Ontario
- Debt Help London Ontario
- Licensed Insolvency Trustee London Ontario
- Licensed Insolvency Trustee
- Bankruptcy Trustee London Ontario
If you are visiting our site today because you have some growing concerns about your financial situation, the most important thing for you to know is that the initial meeting with us is FREE. Call us now (519-433-4728) or send us your contact information and we'll reach out to you.
Is your debt load spiralling out of control? Are you dependent on high interest credit cards and loans? You should know that help is available, and options are plentiful. Contact us today to book an appointment. We will help you formulate a customized plan to settle your debts and improve your financial future. A Licensed Insolvency Trustee (LIT) is a person licensed by the federal government to administer proposals and bankruptcies on behalf of individuals who are experiencing financial difficulties. A proposal is an agreement whereby a debtor offers a financial settlement to his creditors; a bankruptcy is a legal process that provides protection from your creditors. Most trustees are also authorized credit counsellors. At McLennan & Company, we look for the best solution for each client that will result in the brightest future.
McLennan & Company is a financial restructuring firm that helps people solve their debt problems through counselling, consumer proposals and bankruptcy filings. If you are an individual experiencing financial difficulty, we are here to help you find the right solution for your circumstances.
The President and LIT of McLennan & Company is Bruce McLennan, who launched his career in debt restructuring with a large international firm in Toronto. Bruce returned to London in 1990 to enjoy the quality of life it offers and to focus his efforts on helping people with their financial problems and thereby making a real difference in their lives. When you meet Bruce to discuss the debt help you need, you'll quickly realize that he enjoys helping people find solutions to their financial problems. The term "Trustee in Bankruptcy" was replaced by the professional designation "Licensed Insolvency Trustee" or LIT in early 2016, because an LIT is a more accurate description of the many services that they offer to individuals, including consumer proposals, debt counselling, bankruptcy and other financial restructuring options. The designation identifies professionals who have completed the necessary education and passed rigorous testing to attain their licence from the federal Office of the Superintendent of Bankruptcy.