A licensed insolvency trustee or debt professional can go over your credit report with you to help you to understand each part of the report and to provide insight on how to catch up on outstanding payments. This also includes how to best pay off your debt and offer advice to better manage your bills in the future.

Licensed insolvency trustees offer two government regulated debt relief options. A consumer proposal is a formal arrangement which consolidates your debt and makes an offer to your creditors to either modify your payments or repay only a percentage of what you owe. Bankruptcy is a legal process that helps a person with unmanageable debt get a financial fresh start.

Debt professionals offer financial restructuring programs for individuals and businesses. Their expertise can narrow down on small details, or issues that affect profit and/or cash-flow so nothing is missed.

Licensed insolvency trustees and debt professionals can assist you in negotiating with your creditors. They will work with your budget and advocate on your behalf when negotiating payments. Once you have filed a bankruptcy or consumer proposal, they will also notify your creditors to cease collection activity.