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4 Ways to Avoid Bankruptcy and Save Your Business

On November 1, 2022 / The Edmonton Bankruptcy Blog / Leave a comment

4 Ways to Avoid Business Bankruptcy in Edmonton Bankruptcy is a last resort after all other options have been exhausted. It’s a hard decision to make, but sometimes it’s the only way to keep your business afloat and continue on without putting you in even more financial

Bankruptcy Resources

When looking for a trustee to handle your Consumer proposal Edmonton has a few great options. JW Weber is one such bankruptcy trustee in Edmonton who can help you. If you can’t pay your debts, a Consumer Proposal may help. This is also called a debt restructuring plan and tends to be handled by a bankruptcy trustee. During a consumer proposal process, you meet with an advisor and create a payment plan to get out of debt. If accepted, the banks and other creditors will agree to a reduced payment schedule that lets you get back on your feet faster by paying less over a fixed period of time. And that’s not the end of it – in most cases, your credit rating won’t be affected at all once you complete the program. Here’s what you need to know about this lesser-known financial strategy. Now you know!