HOW MUCH WILL YOU PAY PER MONTH WITH DIFFERENT DEBT REPAYMENT PROGRAMS?

(minimum estimates only - each option subject to application and further review)

CONSOLIDATION LOAN

(bank or loan company)- using an average of 18% interest rate compounded annually.

DEBT MANAGEMENT PROGRAM

(non-profit agency/credit counselling) - fees range 5-10%

GOLDHAR CONSUMER PROPOSAL** AUTHORIZED BY THE GOVERNMENT OF CANADA VIA INDUSTRY CANADA

(Bankruptcy and Insolvency Act)- 0% interest, with only principal repayment - unless lump sum, minimum amount offered is $100 a month over 60 months.
**estimated recovery to creditors varies based on terms of proposal**

BANKRUPTCY - 1st TIME*

(Via Bankruptcy and Insolvency Act)
*payments in this process can vary based on assets recovered by the Licenced Insolvency Trustee, and payments subject to change based on monthly income and expense reports

BANKRUPTCY - 2nd + TIME*

(Via Bankruptcy and Insolvency Act)
*payments in this process can vary based on assets recovered by the Licenced Insolvency Trustee, and payments subject to change based on monthly income and expense reports

'* payments per month in these options can decrease or increase depending on income and assets

All the above information is for demonstration purposes and Goldhar & Associates is not liable for the accuracy of the information provided. For more information contact us and obtain a FREE consultation with a staff member of the Licenced Insolvency Trustee.