Canadian Consumer Prospoals

Canadian Consumer Proposal

The Office of the Superintendent of Bankruptcy Canada is reporting a 4.7% jump in personal bankruptcies and consumer proposals in June, compared to May 2020. (Ref.) And the CBC reported “A record number of companies have sought creditor protection under Covid-19 – and more are on the way. (Ref: Aug 05, 2020, Pete Evans.)

Once the government relief programs end, economic woes may get worse before getting better. No one is to blame for this, its all COVIC pandemic.

The good news is things may not be as bleak as they sound.  If you have some financial resources available where you can consolidate your debt to get it under control, or liquidate items that you own to cover the balance of what you owe — most or all of it — that’s the first option. 

Your second option may be to declare personal bankruptcy. While bankruptcy may sound painful, it may be the right solution to help you regain control of your personal finances.

Whether the best plan is a Canadian Consumer Proposal, debt consolidation or bankruptcy, both can give you some breathing room from creditors who may want to foreclose on your property, or garnish your wages for example.  Filing for bankruptcy allows you to restructure your debt, will help re-establish your credit score long term, and more importantly, will give you peace of mind you have a plan!

Being in financial difficulty doesn’t necessarily mean you have failed. This pandemic has put a lot of good people in unimaginable situations.  It’s likely time for many to let go of the stigma of shame. Everyone living through this pandemic knows how hard it has been on many businesses and those that work for them. In March of 2020, the pandemic forced the temporary closure of 85% of  small business owners in Canada.  Who could have predicted that? Who could have predicted the number of layoffs? Its been truly a struggle for millions of people and no one should be ashamed to reach out and ask us for help.  

If you’re in a vulnerable financial situation, don’t wait.  You’ll need some guidance when it comes to protecting your asset protection rights and consumer proposal options. Because the only thing worse than bankruptcy is the emotional torment of waiting too long!

As debt relief specialists, we have been preparing all of our locations across Ontario to help our clients with Personal Bankruptcy and Canadian Consumer Proposals. If you’re in a debt crisis, don’t wait too long to call us. If you feel like you’re in financial trouble, you probably are. And we can help you navigate this. The sooner the better!

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It’s Not Always Easy to Reach Out For Financial Help. But When You’re Ready…

Teresa Brace
Teresa Brace
03:53 30 Oct 20
I just want to say I am more than happy with the services provided by Sheriff Sole & Madej Inc. I had responded to an... ad I had seen on FB and thought, let me see if this is for real! I ended up receiving a call back from Chala and of course I had my reservations but, Chala was absolutely awesome from initial engagement. Chala was patient and understanding, kind and empathetic, informative, professional, non judgemental and most importantly, Chala made me feel she genuinely cared and had my best interest at heart. I have since met with Maggie Madej and she echoed my experience with Chala. Thank you Chala and Maggie for your professionalism, knowledge, exceptional customer service and empathy! Much Appreciated.read more
Phillip Allen
Phillip Allen
15:43 30 Sep 20
Great Service n also I was well informed on my Financial situation moving forward,Great customer service overall... awesome service.read more
Corey Robertson
Corey Robertson
11:57 26 Sep 20
I spoke with Chala the other day and she was so helpful and polite. I would recommend her to anyone
Raymond Joseph
Raymond Joseph
20:35 03 Aug 20
1st, I was made aware of an outstanding balance, one month before my discharge. Ultimately, I had to go into debt once... again to get my discharge. 2nd I met all of the requirements and 10 months later, I am still waiting for my discharge. This had a negative impact on a job application and may cost me a good job. Very disappointing experience.read more
liz bliz
liz bliz
21:35 07 Jul 20
I have no words to say thank you to Cagla Bayam, and her team . Cagla spoke to me ,about my real choices and explain... ,in just a way that i understand everything,she make me understand and believe theres is a hope for recover and start over.I know it will be few more years but at least ,i know i have a direction to go,and i am learning as i go ,I have being going in every direction confuse ,neglecting my own health trying to pay debts . 3 jobs trying to pay fast without results. till the point of question life. Every collector were screaming,witch get me more stress. I felt really lost .So i see an ad off Sheriff Sole & Madej Inc and I apply I thought it was scam at first ,because she was listening,not imposing her words,no pressure, no rush, believe me as I type, I talk a lot even more when i am stress ,and there she was with all the patience in the world . It was too nice to be true.I keep telling her "I hope you real " But it is true,they are real professionals, she can help you or guide you. I want so bad to be debt free and able to have a day off. I recommend and encourage anyone that feel lost in debt to Email or call them, specially this branch in north york ,well this is the one i experience. I did this review because this was a door to be debt free that i though it will never open and that it wasn't for me. I am in the road to be debt free.and I hope anyone who read this is too Thank you so much. Everyone stay saferead more
Z N
Z N
22:43 23 Jun 20
Alexandra Morataya is hands down the most unprofessional person I have come across. She screwed up royally and instead... of owning up to it she ignores you and leaves you hanging for over a month. Tried getting ahold of Todd Sheriff and he too ignores messages. Looking into a lawyer as my credit score has gone down tremendously and for 2 months payments haven't come out due to their screw up. I wouldn't suggest this company/firm.read more
Raymond Joseph
Raymond Joseph
14:18 10 Jun 20
Due to poor monitoring and advice, I am left In debt after a bankruptcy. Incompetency has my discharge incomplete, 8... months after qualifying. What was supposed to be a 24 month solution, turned into a 5 year ordeal.read more
NexToronto WordPress & Internet Marketing
NexToronto WordPress & Internet Marketing
16:44 19 Dec 17
If you're having debt problems and want piece of mind call Sheriff Sole & Madej Inc. They are extremely helpful and... very professional.read more
Michael Meyer
Michael Meyer
07:14 01 Oct 17
If you are having debt problems, call them. They will help you get rid of all your debts. The best part is that their... fees are already included in the monthly payment.read more
Ed Hammond
Ed Hammond
06:26 03 Sep 17
We can’t thank Sheriff Sole and Madej team enough. Transparent and non-judgmental company. Cristina answered all of... our questions patiently and made this process stress free!read more
Timothy Pass
Timothy Pass
19:08 04 Aug 17
After losing my job I was no longer able to pay my bills and ended up with a huge debt load. Katherine was very... knowledgeable and patient. She answered all my questions and helped me deal with my financial situation. I am now in a proposal and make only one low monthly payment. Thank you Katherine!read more
Adam Hale
Adam Hale
17:31 28 Jun 16
I've been working with Sheriff Sole & Madej Inc. for the past 1.5 years. Before that I spent 7 years going through... different Trustee's & "Debt Guys" in Ontario. Sheriff Sole & Madej Inc. have changed my outlook on Trustee's. They don't make my clients feel uncomfortable. They don't make me look bad when referring them business. They respect us! Those are keys when working together with clients that are usually in a tough spot. Trust me, the creditors will be just fine...read more
Artem A
Artem A
16:58 24 Jun 16
Knowledgeable staff that is a pleasure to work with. Sheriff Sole and Madej provides a welcoming environment for... clients to resolve even the most challenging of credit situations. All available solutions are explained in great detail, and client satisfaction is clearly a priority for the firm.read more
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