Pickering Bankruptcy Trustees

Yanch Dey and Associates are bankruptcy trustees with offices in Pickering.

We welcome the opportunity to answer question and to explain how we can solve your debt problems.  We provide information and representation for:

• consumer proposals
• financial counselling
• filing for bankruptcy

As Pickering bankruptcy trustees we help people with financial issues and to get out of debt.

A Consumer proposals are:

• a government approved program
• to pay creditors a reduced amount of the debt owed
• on unsecured debt, credit cards ect,
• over a 3-5 year period

In a consumer proposal, the proposal administrator makes an agreement with the unsecured creditors (e.g. credit card companies) to pay only a percentage of what is owed, over a 3 to 5 year period.

The payment is based upon what you can afford to pay and creditor expectations.  The amount is negotiated for you by the insolvency trustee, acting as the consumer proposal administrator.

In a proposal, most people will save about 70% of the debt owed.  For example, if you owed $10,000 your debt could be dropped to $3,000 payable over 5 years. Without any fees or interest added!