Consumer Services

Consumer Proposal

Restore your financial stability with our Consumer Proposal service, an effective solution for negotiating arrangements with your creditors.

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Consumer Proposal

, what does it entail?

A Consumer Proposal offers a simpler alternative to bankruptcy, streamlining both management and implementation. Creditors have 45 days to either accept or reject the proposal and request a meeting. Should the proposal be rejected, Serpone Group will modify it. This feasible and preferred option helps ensure financial independence. Our experts will assess your finances and recommend cost-effective solutions. Serpone Group empowers clients throughout this process.

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Who is it for?

Self-employed individuals facing financial difficulties

To restructure their debt, reduce monthly payments, and provide them with a realistic repayment plan to overcome their financial difficulties.

Individuals facing medical issues or accidents

To enable them to negotiate with their creditors and establish realistic payment terms to alleviate their debt burden while preserving their access to healthcare.

Individuals affected by general economic difficulties

To enable them to restructure their unsecured debt, reduce financial pressures, and regain a stronger financial balance to overcome these challenging periods.

The
Benefits

Professional Support
Immediate Financial Improvement
In-depth Financial Analysis
Comprehensive Financial Situation Analysis
Confidentiality and Discretion
Expert Bankruptcy Advice

Professional Support

Benefit from the professional support of a licensed bankruptcy trustee. You will receive expert advice and a clear action plan, regardless of your specific situation.

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Immediate Financial Improvement

Achieve financial stability through new employment, additional income streams, sales, bonuses, and more.

In-depth Financial Analysis

Receive strategic recommendations based on a thorough financial analysis that considers both financial statements and cash flow.

Comprehensive Financial Situation Analysis

We analyze your financial situation, including debts, assets, income, and expenses, then develop a personalized strategy to help you overcome your challenges.

Confidentiality and Discretion

Your confidentiality is guaranteed. Our objective is to ensure the utmost discretion and protect your reputation and relationships.

Expert Bankruptcy Advice

Our experienced bankruptcy team will advise and guide you step-by-step, ensuring the protection of your rights throughout the entire process.

The Process

No matter your current financial situation, you have come to the right place. We will help you restore order and guide you towards a brighter future.

Financial Situation Assessment

We conduct a financial assessment to prepare a Consumer Proposal suitable for your situation.

01

Proposal Preparation

Following the assessment, we collaboratively prepare the Consumer Proposal in compliance with legal requirements.

02

Proposal Submission and Management

Once the proposal is submitted, the focus shifts to ensuring an optimal progression through the various stages: negotiation, payments, representation, and resolution.

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For a Consumer Proposal to be accepted, it must be approved by a certain percentage of creditors, determined by the amount of debt. If the proposal is accepted by the majority of creditors, it will be binding on all.

The duration of the process can vary depending on the complexity of your financial situation and the cooperation of creditors. Generally, it can take anywhere from a few months to several years.

A Consumer Proposal will be recorded on your credit file and will negatively impact your credit score. However, once you have completed the repayment program, you can begin to rebuild your credit.

Serpone Group is an experienced bankruptcy trustee with extensive expertise in Consumer Proposals. We offer professional support, personalized advice, and competent management of the process, ensuring your interests are protected.

The main difference lies in the level of financial commitment and how debts are handled. In a Consumer Proposal, you offer creditors a repayment plan to settle a portion of your debts. In personal bankruptcy, most of your unsecured debts are generally discharged, but you may be required to liquidate certain assets.

Yes, generally, you can keep your essential assets and property, such as your primary residence, furniture, and personal belongings. However, exceptions may apply for high-value assets. Our team will assess your specific situation and provide tailored advice.

Testimonials

I wanted to express my sincere gratitude. Your professionalism and the compassion you showed while handling my situation made this challenging experience much more bearable. I was extremely satisfied with the services of the lawyer you recommended, and I would wholeheartedly recommend him to anyone facing a similar predicament. You will be the bankruptcy trustee I recommend in all suitable circumstances.

France D.

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