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PERSONAL AND BUSINESS DEBT – GTDR

© 2019

GTDR INC.

PERSONAL AND BUSINESS DEBT

Get Total Debt Relief

GTDR offers a variety of choices. However, a choice should never be made until you understand what ALL of your choices are and whether one benefits you more than others.

Try our Calculator

Only an LIT can tell you what your cost for filing an assignment in Bankruptcy is. However, we have found that most of our clients end up paying in the neighborhood of $250 per month for 9 months, assuming there are no Equities or Surplus Income that your creditors may be entitle to. We’ll also discuss what we feel are additional benefits that Bankruptcy may offer over a Proposal, including the effects on your credit file. Our calculator is an estimate only and is based on our 40 years of experience helping our clients.

GTDR deals with all of it

  • Whether you’re dealing with overwhelming personal debt or business debt
  • Whether it’s payday loans, credit cards, lines of credit
  • Whether it’s CEBA loans, HST, Source Deductions or Corporate Tax

GTDR deals with all of it

  • If you’re dealing with lawsuits or garnishments
  • If you haven’t filed your personal or business taxes
  • If your bank accounts have been frozen

GTDR deals with all of it

  • Protect yourself and your family
  • Protect your home and other assets
  • Protect your financial future
  • GTDR offers a variety of choices. However, a choice should never be made until you understand what ALL of your choices are and whether one benefits you more than others.
  • We believe that people get into Proposals without knowing about all of their other options and as a result, may be paying more than they’re required to pay
  • Trustees/LIT’s only have two tools to offer you. They are Bankruptcy and Proposals to your Creditors. And even though you feel you are hiring them to represent you, please be advised that they can never represent you in a legal proceeding. Should you require legal assistance, you will have to engage your own counsel.
  • Like everyone else, you’ll be shocked to learn that a Trustee/LIT can never represent you in any legal environment. If you have to attend Court to obtain your discharge, you’ll either have to hire a Lawyer or represent yourself.
    That’s because the Trustee/LIT is not your Legal Counsel. When you choose a Trustee or LIT, you’re simply engaging them to administer your file, not to represent you in any legal proceeding
  • The Trustee/LIT also have an obligation to turn over everything they know about you to your Creditors
  • Now that you know this, you may want to consider speaking to a Lawyer, Accountant or Consultant prior to making a decision on how to move forward

Use our calculator to see what you might be able to save. Only a Trustee can get final approval from the Creditors as to the amount you’ll be required to pay and this can only be done once all of the pertinent information regarding your non-exempt assets and surplus income have been assessed.

Calculate now
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Get in touch with us to discuss your needs.

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Bankruptcy and Proposals are the only tools that are available to you via a Trustee/LIT for settling your debt. They’re governed by the same ACT, The Bankruptcy Act, also known as the BIA. However, they are NOT the ONLY tools available to you for eliminating debt. We believe that knowing more, saves you more.

Here is a fact that very few people know.

In a Proposal, the Trustee is paid 2 payments of $750 and in addition to that the Trustee also collects 20% of everything you pay in the Proposal. You may find that to be expensive but he has to get paid somehow.

Did you know, that there are other tools available to you, to minimize the amount you have to pay, that are not and cannot be provided to you by a Trustee/LIT?

To find out more, contact us today for your free consultation

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