4 Pillars or A Licensed Insolvency Trustee: your best option in Kamloops
It’s alarming the number of Canadians who are not prepared for retirement. It is equally troubling when you consider how many are merely existing from pay cheque to pay cheque. One of the major reasons for this financial uncertainty is personal debt. The challenge with living in this debt and stress filled house of cards is that a cut in job hours or an increase in interest rates could bring their world crumbling down around them. For many, this has already happened. Their debt has consumed them leaving them to believe they have no choice but to declare bankruptcy. But bankruptcy is not the pain-free solution many think it is. There is a lot of information on the subject, and just as much misinformation. So, who can Canadians trust to work on their behalf to create the best financial solution for getting out of debt?
4 Pillars Kamloops Debt Consultants work for the YOU the consumer. Trustees Work for your Creditors.
When filing for Bankruptcy or a Consumer Proposal 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 you are entrusting with your financial life has several statutory obligations under the Act, none of which is to act as a financial advisor to a consumer struggling with consumer debt. It is not the Trustee’s job to get you the best possible result when making a consumer proposal or filing for bankruptcy. The fact is your Trustee actually has a fiduciary duty to your creditors. Although you are legally required to file through a Trustee you are perfectly within your right to hire 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.
If you own a small business and you’re pretty good with numbers you may forego hiring an experienced bookkeeper. Sure payroll still gets out and invoices get paid but what savings and tax advantages are you missing out on. Having an expert on your team who knows the ins and outs of your industry is always going to work in your favor.
Just as a good accountant or bookkeeper can help keep your business in the black, having an advocate by your side when considering a Consumer Proposal or Bankruptcy will also work to your advantage. 4 Pillars Debt Consultants work for you and only you. 4 Pillars’ priority is to reduce your debt by up to 80 percent. They will work with you on a comprehensive credit rebuilding plan so you are not left vulnerable for future financial challenges, they will see you debt free within 5 years, and they will get you there with compassion, and understanding.
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 taken a toll on your credit rating you may find it difficult to move forward, even after your debt is settled. Forget finding a good mortgage, even the department store with the super high interest rates won’t give you a second look.
4 Pillars has several programs in place to help you rebuild you credit score, quickly and effectively. They will help you create a realistic budget that lets you plan for your future. If you’re unsure of your debt situation or how to proceed, 4 Pillars free online Debt Bootcamp can help educate you. You can sign up at 4 Pillars.ca. In addition to credit rebuilding and education, 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 Pillars’ 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 also 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!
Hi, I’m Bob Hauck, your 4 Pillars Debt Specialist in Kamloops! Over the next two installments I’m going to tell you about the approach credit counsellors and trustees take when dealing with your debt. And then I’ll show you what a future free of debt really looks like. I think you’ll like what you see.
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. (250) 434-4505
4 Pillars Debt Solutions. Visit us at 4Pillars.ca
