Eliminating Debt - Formal Proposal

We at EMR Debt Solutions have Qualified and Registered Estate Administrators, who have over 10 years of experience working side by side with Trustee’s in Bankruptcy.
First we will sit down with you and review your finances than we automatically reduce your debt by up to 70%. Secondly, together we will come up with an affordable monthly payment plan, which is completely interest free. Lastly we negotiate with your creditors on your behalf to get the proposal accepted and binding.

The proposal automatically stops the following:

• Legal actions by creditors
• Collection proceedings
• Lawsuits
• Asset repossession
• Wage garnishments

You keep all your assets, such as your house, car & investments ans your income is never monitored.

Debts erased with completion of Consumer Proposal:

• Unsecured credit cards & lines of credit
• Unsecured personal loans
• Income tax debts – if not classified as an overpayment
• Student loans – if more than 7 years old
• Business debts – personally guaranteed only
• Utility bills – should the services not be required anymore
• Pay day loans
• Medical bills

Debts not erased with completion of Consumer Proposal:

• Fines imposed by the Courts
• Certain government overpayment’s
• Debts that arose as a result of fraud or theft
• Court awarded damages for sexual assault or intentionally inflicting bodily harm
• Child & Spousal support
• Student loans – less than 7 years old

Who can make a Consumer Proposal?

• Any natural person who is insolvent, including a bankrupt &
• cannot meet payment obligations as they become due &
• owes less than $ 250,000.00 (not including a mortgage on their principal residence)

If debts are more than $250,000.00 including car loans than the proposal is categorized as a DIV 1 of part III of the Act or you may opt to file for Bankruptcy.

You have the maximum of 5 years to pay these monthly payments or you can choose to pay your debt faster by making bigger payments or even pay off the whole proposal without any penalties.
If you have common debt of 70% or greater with another individual you can file a joint proposal.
Once proposal is fulfilled in full, you will receive a certificate of full compliance.

It is our promise to you that your future will consist of a “Path to Financial Freedom & Growth” when you walk through our doors.