Negotiation With Creditors

Proposal Negotiation

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 Serponeā€™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!