4 Pillars or A Licensed Insolvency Trustee: your best option in Edmonton
Living with debt is like trying to walk on quicksand. The more you struggle to get out the deeper you seem to sink. Before you know it you’re drowning in debt and you start to believe you have no choice but to declare bankruptcy. But bankruptcy may not be the end of debt lifeline you’ve been lead to believe. In fact, Bankruptcy could prove to be more harmful, financially, in the long run. You clearly need help but who can you trust to work on your behalf to create the best financial solution for your particular situation?
4 Pillars Edmonton Debt Consultants work for the YOU the consumer. Trustees Work for your Creditors.
Before filing for Bankruptcy or a Consumer Proposal there are some very important facts you need to know. First of all, you are legally required to go through a Licensed Insolvency Trustee. Formerly known as a Bankruptcy Trustee, a Licensed Insolvency Trustee or LIT is NOT legally required to work in your best interests. In fact, the Trustee has several statutory obligations under the Act, none of which is to act as a financial advisor to a consumer struggling with consumer debt. Nor are they obligated to help you get the best possible result when making a consumer proposal or filing for bankruptcy. Plus, they have a fiduciary duty to your creditors. However, you are not without hope, and help. Although you are legally required to file through a trustee, there is nothing preventing you from having an expert of your own to navigate the process, advocate on your behalf, and ensure you get the best possible outcome for your personal situation.
Come February, when you start thinking about your taxes, do you just send your T4 slip into the Canadian Revenue Agency and let them figure out what you should get back? NO. It’s not in the CRA’s best interest to look for every possible tax savings on your return. That’s why you hire a professional who specializes in maximizing your tax return.
In the same vein when you are considering a Consumer Proposal or Bankruptcy it is always to your advantage to have an advocate working your behalf to maximize your debt reduction or map out the best options for your debt settlement. 4 Pillars Debt Consultants work for you and only you. There is no conflict of interest. 4 Pillars’ works to reduce your debt by up to 80 percent. They then work with you on a comprehensive credit rebuilding plan so you are not left vulnerable to future financial challenges. In fact, 4 Pillars will see you debt free within 5 years, and they will get you there with compassion, and understanding, not judgement or blame.
4 Pillars Creates Lasting Solutions
A 4 Pillars Debt Specialist is a financial expert who works to create the best solution for your financial situation. Because your debt has probably done a real number on your credit rating you may find it difficult to move forward. Even the used car dealer who promises loans to everyone with bad credit won’t give you a second look, and if he does you’d better read the fine print.
4 Pillars has several programs in place to help you rebuild you credit, quickly and effectively. They will help you create a realistic budget that lets you plan for your future. Unfortunately one of the first casualties of debt is hope, your hope for a brighter financial future. A meeting with a 4 Pillars debt specialist will not only restore that hope, but they’ll give you the tools and confidence to make that brighter future your reality.
If you’re unsure of your debt situation or how to proceed, 4 Pillars online Debt Bootcamp can help. Sign up for free at 4Pillars.ca. 4 Pillars also offers a comprehensive After Care Program making you a valued client for life. It’s a fact, over 97% of 4 Pillars clientele have successfully completed their debt restructuring plans; making 4 Pillars an industry leader in Canada. 4 Pillar’s After Care Program is so successful that competing companies have been sending their clients to 4 Pillars to ensure they have the tools to not only stay out of debt, but they are able to reach their financial goals.
4 Pillars Culture of Caring
4 Pillars has helped thousands of Canadians see their way out of debt. With a little tenacity and persistence, our Debt Specialist in Barrie Ontario was able to help a young family avoid bankruptcy and reduce their debt from $120,000 to $19,500.
A young family approached 4 Pillars looking for help with their debt. They’d been to a Trustee in Toronto who told them they could only reduce their debt to $81,000 leaving them with a monthly payment of $1350. This amount was still more than they could afford and they feared they would soon lose everything. The 4 Pillars Debt Specialist knew there were better options for this hard working family and she set out to reduce their debt even further. Through perseverance she negotiated with the bankruptcy trustees to structure a Consumer Proposal this young family could afford; taking their monthly payments from a staggering $3500 a month to an affordable $350 a month over the next 60 months!
Hello, I’m Pradeep Padmanabhan, your 4 Pillars Debt Specialist in Edmonton. Over the next two installments I’ll explain the approach credit counsellors and trustees take with your debt. I will show you what your debt free future could look and I’ll share some of my favorite success stories with you.
To learn more about debt settlement or if you have any concerns about your own debt situation, call me today to set up your free initial consultation. (780) 665-3737
4 Pillars Debt Solutions. Visit us at 4Pillars.ca
