Getting Comprehensive Settlement with a Licensed Insolvency Trustee
A Licensed Insolvency Trustee and Proposal Administrator is the only professional who can provide you with a comprehensive settlement with the CRA. By making a proposal to the CRA, with the assistance of a Licensed Insolvency Trustee (“LIT”), wage garnishments, bank account seizures, home seizures and other collection actions are promptly stopped. The LIT will work with you and the CRA to reach a settlement. It will stop further interest and penalties from accruing on your tax debt, compromise, often substantially, the principal, interest and penalties owed, and give you an affordable monthly payment to pay the agreed-upon settlement amount.
Making a proposal to the CRA, with the assistance of a LIT, is the only payment solution under which the CRA is legally permitted to accept less than 100% of the tax principal legally owed.
Your consumer proposal will provide a complete financial solution to both your secured and unsecured debts. When you initially meet with one of our staff, you will be greeted by a highly trained, ethical and caring professional. You will be given the opportunity to discuss your immediate challenges, financial circumstances and future financial goals. With these in mind, we will provide you with a thorough understanding of your options. If a consumer proposal is appropriate for you, and you wish to file one, we will outline the terms of the proposal that we recommend be presented to your creditors, describe how it will assist you, and answer all of your questions. You will have confidence in your decision, the debts included in a consumer proposal and the assets you wish to retain.
If you wish to stop CRA collection actions, such as a wage garnishment, the seizure of your bank account, car or home, and be permitted to settle your debt owed to the CRA by way of an affordable monthly payment, we recommend you contact us for a free initial consultation.
We are very experienced and capable in successfully dealing with the CRA and filing proposals it will accept. Please contact us today to find out more about making a proposal to the CRA to resolve your tax debt.