DEBT SETTLEMENT: PROPOSAL OR BANKRUPTCY?
Financial stress is a very emotional time. At Glover-Drennan Inc., we listen to your debt problems at our free initial consultation and will provide you with all of your options from re-financing, credit counselling, making a proposal to your creditors or bankruptcy. You decide which option you think is best for you. Bankruptcy is not for everyone!
The longer you wait to see us usually will reduce the options available to you. Most people have already tried to refinance their debt. Others then turn to credit counselling. While credit counselling may be applicable, you should always get a second opinion to review the costs and the length of time necessary to rebuild your credit and the costs and benefits of the other options.
Proposals and bankruptcy can be the quickest method to restore credit and also be the least expensive. If you don't come in for a free consultation, how will you know if you are making the best decision for you? There is no obligation to you and we do not contact you after. We let you decide if you would like us to help you.
Proposals are settlements with creditors that stop interest immediately and typically repay creditors 30 to 40 cents on the dollar with payments available for up to 5 years.
Bankruptcy freezes all your unsecured debts immediately and can be completed in as little as 9 months in certain circumstances. Most first-time bankruptcies are finished in either 9 or 21 months.
Why not book a free consultation with Glover-Drennan Inc. and find out all your options. We have the most experienced staff on the island, all of our Administrators are qualified credit counsellors and we have two locations on Vancouver Island to serve you. Let us help you determine what financial options are best for you.