If you are facing financial difficulty and need help with your debts in Nova Scotia there are several options available to assist. Everyone's situation is unique and we can help you explore all possible solutions before you make any decisions. Our professional team is understanding, respectful and here to help.
Depending on the amount of debt you have, it may be possible for your Licensed Insolvency Trustee to contact your creditors directly and negotiate a repayment schedule that works for you.
When your financial obligations can no longer be met this legal option enables you to get immediate protection from your creditors and have a fresh start.
Communicate with creditors and explain your situation.
Debt consolidation gathers your debt into a single loan so that you can repay multiple creditors through one monthly payment. The interest rate is often lower than what your existing creditors offer.
With informal debt settlement, creditors expect you to present them with a plan outlining how you can pay them back; there are many considerations, variables and potential challenges to be aware of.
An OPD is also referred to as a Consolidation Order and is an Order from the County Court of Nova Scotia. This program is available in Alberta, Saskatchewan, and Nova Scotia.
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