Consumer Proposal Toronto and Bankruptcy Toronto
2 Carlton Street, Suite 1007, Toronto, Ontario M5B 1J3
Bankruptcy trustees such as Fong and Partners Inc. can work with you to facilitate a consumer proposal or personal bankruptcy filing. Consumer Proposal Toronto and Bankruptcy Toronto services with Fong and Partners Inc. will give you immediately relief and peace of mind that you’re in good hands.
Toronto is the largest city in Canada and the capital of Ontario with over 2.5 million residents, it is the fifth-most populous municipality in North America. Toronto is at the heart of the Greater Toronto Area (GTA), and is part of a densely-populated region in south-central Ontario known as the Golden Horseshoe which is home to 8.1 million residents.
As Canada’s economic capital, Toronto is considered a global city and is one of the top financial cities in the world. Toronto’s leading economic sectors include finance, business services, telecommunications, aerospace, transportation, media, arts, film, television production, publishing, software production, medical research, education, tourism and sports industries.
Toronto’s population is cosmopolitan and international and is one of the world’s most diverse cities by percentage of non-native-born residents, as about 49 percent of the population were born outside of Canada.
Due to its diversity and size, many of the people we meet with in our Toronto office come from all walks of life with various reasons for financial difficulty, be it difficulty in finding employment, marital breakdown, a job loss, business failure or just overspending.
Fong and Partners Inc. is rated as one of the Top 3 Licensed Insolvency Trustees in Toronto according to www.ThreeBestRated.ca. Our Toronto Licensed Insolvency Trustee office is located at Suite 1007-2 Carlton Street, on the northeast corner of Carlton and Yonge Street. If you are arriving by TTC, our office is right by College subway station.
When you first contact us, we’ll book you an appointment with with Victor Fong, our Licensed Insolvency Trustee. We’ll also inform you what information you should bring to your meeting at our Toronto office.
At the meeting, we shall listen to your situation and based on the information you’ve provided, we’ll provide you with your options, which could include:
Consumer Proposal Toronto
A consumer proposal (also referred to as a debt proposal, credit proposal or bankruptcy proposal) is a settlement with your creditors. With our assistance, you can make monthly payment towards repaying some of your debts. We’ll design a payment plan that you can afford and that your creditors will accept.
A successful consumer proposal will allow you to avoid bankruptcy and minimize the effect on your credit rating. When you file a consumer proposal, your creditors will be stopped from taking most legal steps to recover their debts from you; for example, imposing wage garnishees. We will contact your creditors directly.
Filing for personal bankruptcy is something to consider if you are unable to solve your problems with a consumer proposal. For example, your income may be too low and/or or your debts may be too high to file consumer proposal that would be acceptable to your creditors.
Filing for personal bankruptcy is a legal process, regulated by the Bankruptcy and Insolvency Act, by which you may be relieved of most, or all, of your debts. When you declare personal bankruptcy, your creditors will be stopped from taking most legal steps to recover their debts from you. We will contact your creditors directly.
If you want to work with a Trustee who will give you confidence and peace of mind, look any further.
Contact Fong and Partners Inc., a member in good standing with the Better Business Bureau with an A+ Rating and one of the 3 Best Rated Trustees in the Greater Toronto Area.
Want to work with us? Our promise to you…
- You will be in constant contact with a real Licensed Insolvency Trustee.
- Your calls will always be returned.
- Your emails will never be ignored.
- We will work with you to craft an affordable payment plan that makes sense for your budget.
Contact our Toronto office
Fong and Partners Inc
Suite 1007-2 Carlton Street
Toronto, Ontario M5B 1J3