As Atlantic Canada’s largest and most experienced firm of debt solutions specialists you’ll discover that the people at PwC Debt Solutions™ truly care about your situation.
From experience we know our clients are honest individuals who simply get in over their heads. Over the years we have helped thousands of Atlantic Canadians find a way out of their difficulties by taking charge of their finances and planning for their future.
If your debts are becoming unmanageable, you have many options including consolidating your outstanding debts, making a proposal to creditors, and personal bankruptcy. As each person’s situation is unique, we will explore your options with you, and recommend the solution that is best suited to your needs.
Bankruptcy Trustee in Halifax, Nova Scotia
While bankruptcy can be a frightening prospect, the fear is often compounded by misinformation.
Very often, people imagine that bankruptcy will leave them with nothing, But in reality, federal laws allow you to keep necessary clothing, household furnishings, most RRSPs, a vehicle and other assets.
Very often our clients lose little or nothing through the bankruptcy process. And while bankruptcy is by no means the only option, discussing your situation with a licensed Trustee in Bankruptcy, before making a choice, is the only way of ensuring that you’re doing what right for you, personally.
When you deal with our highly trained and experienced professionals, you can rest easy, knowing that you’re in the hands of people who know what they are doing and have your best interests at heart.
Bankruptcy versus Debt Consolidation
In some cases the best way to manage your personal debts is to consolidate what you owe into a single, third party loan.
By doing this you might be able to get a better interest rate and, as a result, reduce your total monthly payment.
Bankruptcy versus a Consumer Proposal
A consumer proposal is an option when you can make payments on your debt, but cannot pay every unsecured creditor the entire amount they are owed.
There are no hard or fast rules about how much you have to offer an unsecured creditor. Typically, however, a creditor won’t accept a proposal unless it amounts to more than they would receive if you were to file for bankruptcy.
Secured creditors are creditors who have a claim on one or more of your assets. A secured creditor will typically only agree to a proposal if it involves regular, on time payments towards their secured debt.
It’s important to understand that only a licensed Trustee in Bankruptcy can file a formal proposal, which legally protects you from your creditors.
Debt Solutions for Nova Scotians: Communities We Serve
As Atlantic Canada’s largest debt solutions company we serve sixteen communities in Nova Scotia. This includes two bankruptcy and debt solution offices in Halifax.