For 25 years, Melanie Leigh and her team have been providing a compassionate approach to dealing with stressful financial situations… too much debt.
Melanie Leigh is a Licensed Insolvency Trustee and understands that good people can sometimes get into a difficult situation. Her goal to help you find the best way to become debt-free.
“My job as a trustee is to make sure you understand all your options, so you can make an informed decision about how to deal with your debt.”
Melanie Leigh looks at your situation and recommends the best solution. This could be …
Melanie Leigh will take an objective and transparent look at your debt situation and let you know about your options. However, the most important goal is to bring financial stability and peace of mind to you and the people who depend on you.
Go here to set up your free consultation.
In Canada, if debt of any type is overwhelming your finances and your life, you have several options. Let’s take a look at these.
Consumer Proposal. A payment plan your creditors accept. It’s usually for less than you owe. Debts covered include:
This can be a good alternative to filing for bankruptcy.
Debt consolidation. This can be a good option if your main issues with debt are too many payments and high-interest charges. If you are juggling bills and can’t make progress paying down high-interest debts such as credit cards, then you may be able to consolidate with a lender.
Credit Counselling. If you don’t have the credit or the means to borrow your way out of the debt problems you’re facing, then another option may be credit counselling.
With the help of a credit counsellor, you set up a debt management plan. This is basically a professionally supported repayment plan that helps minimize interest. You still owe your original creditors, but they agree to accept payments on an adjusted schedule through the credit counselling agency.
Bankruptcy. A practical solution when there’s no way to repay debt. It’s less dramatic and draconian than most people think and, in most cases, there’s no need to give up assets. The bankruptcy process can be completed in as little as nine months.
Home Equity Borrowing. Equity is the value you have in your home, minus the remaining balance on your mortgage. You may be able to use this equity to help pay off debts. There are advantages here … but also some major risks.
Orderly Payment of Debts (OPD). This option is an alternative program outlined in the Bankruptcy and Insolvency Act that is available to residents in Alberta. It is administered by a local credit counselling agency in Alberta.
With an OPD, most of your unsecured debts are consolidated into a monthly repayment plan. All interest rates on those debts are capped at 5 percent. You make one payment each month to the credit counselling agency and they distribute those payments to your creditors on a set repayment schedule.
Melanie Leigh is a Licensed Insolvency Trustee based in Canada.
She is excited to help you understand your options when it comes to relief from debt.
In her experience, debt issues can happen to anyone. And in many cases, outside factors have led to these debt issues.
As a Licensed Insolvency Trustee, Melanie is licensed and certified to help people and businesses handle debt issues.
Melanie received her designation as a Chartered Insolvency and Restructuring Professional in 2009. Melanie takes a compassionate approach when good people who are dealing with stressful financial issues.
Her goal is to provide sensible solutions and options so you get back on your feet financially as soon as possible.
There is no charge for the initial conversation with Melanie.
