A financial debt remedy in Canada is the corporate or consumer proposal. A proposal allows you to negotiate a repayment plan with your creditors whereby you only repay a portion of what you owe. The proposal negotiation will be fully managed by Groupe Serpone’s team of experts, producing the best possible outcome for your unique case.
How Important is a Signed Agreement?
If a creditor has not signed a written agreement and has only accepted your proposal verbally, they can always change their minds and cancel the agreement at any time. Groupe Serpone strongly recommends a written, signed agreement, detailing every clause, for your protection and peace of mind.
When Should I Opt to Negotiate With Creditors?
- You have few creditors.
- Your debts are not very high.
- You are going through a temporary situation that is affecting your finances.
- You have good relationships with your creditors and they have confidence in you.
For more information on proposal negotiation and to best extricate yourself from a delicate financial situation, contact Groupe Serpone today!