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Are You Searching for Alternatives to Bankruptcy?


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For those struggling with their finances, the thought of filing for bankruptcy can be a scary one. LCTaylor is happy to provide some alternatives to bankruptcy for those looking for debt relief but don't want to file.

Published in: Economy & Finance, Business
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Are You Searching for Alternatives to Bankruptcy?

  1. 1. Alternatives to Bankruptcy
  2. 2. LCTaylor: 1.800.463.8371 When it comes to managing your finances, for most, bankruptcy is a last resort. That’s why it’s important to deal with debt before you have no alternatives to bankruptcy.
  3. 3. LCTaylor: 1.800.463.8371 Here are a few bankruptcy alternatives that can help you with your finances without destroying your credit or causing you to lose your possessions.
  4. 4. LCTaylor: 1.800.463.8371 Keeping a Budget Review how much you spend each month. List your expenses. If you spend more than you make, it’s time to redo your budget.
  5. 5. LCTaylor: 1.800.463.8371 Debt Consolidation A debt consolidation loan can be used to help pay off your debt. If approved, you’ll make one monthly payment to the lender, saving you the high interest rates of credit cards.
  6. 6. LCTaylor: 1.800.463.8371 Consumer Proposal A consumer proposal is a legal agreement between you and your creditors that allows you to settle your debts for less. A bankruptcy trustee will negotiate with your creditors and you will make a lower monthly payment.
  7. 7. It’s not always easy finding which debt solution is right for you. If budgeting and organizing your finances isn’t enough, contact a licensed bankruptcy trustee. They are trained professionals who can help you find the best option for you. LCTaylor: 1.800.463.8371
  8. 8. If you having difficulty managing your debt or looking for information about alternatives to bankruptcy, visit Trustees are available to answer your questions at our Kenora and Winnipeg locations. Call us now to schedule your free consultation. LCTaylor: 1.800.463.8371