Debt can be frustrating, bothersome and lead to negative consequences in various aspects of our lives. Plus, understanding our options when it comes to debt can be a confusing and challenging process that might not yield significant results. And, of course, debt is an uncomfortable and personal conversation to have, meaning that many feel uncomfortable reaching out for help.
However, there is a better option on the horizon, and that option is professional debt counselling. At Reynolds and Associates, we can help you prepare a consumer proposal and get your creditors off your back. We work with you to choose the best solution available to you, whether that is filing for bankruptcy or negotiating a debt settlement.
However, there is a better option on the horizon, and that option is professional debt counselling. At Reynolds and Associates, we can help you prepare a consumer proposal and get your creditors off your back. We work with you to choose the best solution available to you, whether that is filing for bankruptcy or negotiating a debt settlement.
Services
There is legal protection from creditors even from the government collecting income taxes. This means you and your pay cheques are safe. Also, we do not have to get every single creditor to accept your debt settlement. The creditors get to vote and if the majority votes yes, it's legally binding on all creditors, even if some of them said no.
An Ontario consumer proposal is a legal process offered by Innovation, Science and Economic Development Canada, which is a branch of the Canadian Government. This debt counselling program helps a debtor reduce or restructure his or her loans, credit card debt and many other types of debt, including income taxes.
If your personal or business finances leave you stressed and overwhelmed, you're not alone. Debt consolidation in Ontario can occur through debt settlements, but they are often customized for your unique situation.
As they may or may not require your creditors and debtors' consent, and they may require several methods to be effective, like consumer proposals or Ontario credit counselling, choosing the right strategy for you can be an involved process.Reynolds & Associates has provided debt help to North Bay, Sudbury, and Espanola households and companies through debt consolidation since 2006.
As they may or may not require your creditors and debtors' consent, and they may require several methods to be effective, like consumer proposals or Ontario credit counselling, choosing the right strategy for you can be an involved process.Reynolds & Associates has provided debt help to North Bay, Sudbury, and Espanola households and companies through debt consolidation since 2006.
As experts in bankruptcy in Ontario, we are capable of providing effective solutions for your financial situation. Bankruptcy should never be your first choice and should only be considered after you have exhausted all of your other options. When you work with Reynolds and Associates, we offer you debt counselling services like consumer proposals and debt settlements before considering bankruptcy.
If your business is struggling financially and in danger of collapsing, it can become a stressful and scary proposition. Most businesses in this situation quickly end up with HST and/or Source Deduction remittance problems. The Canada Revenue Agency has powerful collection tools that allow them to seize bank accounts, accounts receivables and other assets.
