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  • Detailed Assessment Form - Bdo Debt Help - Bdodebthelp

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DETAILED ASSESSMENT FORM Print Form FOR OFFICE USE ONLY PREPARED BY: DATE OF SIGN UP: FILE TYPE: PAYMENTS: CONSUMER / ORDINARY: REFERRAL SOURCE: SERVICE LOCATION DATE OF ASSESSMENT: APPLICANT S LAST.

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Any debts that do not have collateral, like unsecured loans, are usually eligible for consolidation. Credit card debt. Tax debt. Payday loans. Store cards. Student loans. Medical bills.

Cons of a Consumer Proposal If the majority of your creditors vote against the Proposal, you may have to file for Bankruptcy. It typically takes four to five years to repay a Consumer Proposal, which is longer than a typical Bankruptcy. Your payments are fixed.

With a debt management plan, you pay the credit counsellor who negotiates with your creditors to reduce the interest rate on your debts and then distributes payments to your creditors on your behalf. With a debt consolidation loan, you pay the bank directly at a lowered interest rate.

The only Canadian government debt relief program is a consumer proposal. A consumer proposal is a formal, legal debt settlement program available under the Bankruptcy and Insolvency Act. It is a safe, reliable debt relief program that allows you to avoid bankruptcy.

A consumer proposal will make better sense than debt consolidation if your income isn't sufficient to pay back your entire debt balance plus interest. It may make more sense than bankruptcy if you have a stable income and want to avoid liquidation of your assets.

$20,000 of unsecured debt over a period of 3 years Debt solutionMonthly paymentTotal cost Debt repaid by individual $723.05 $26,029.80 Consolidation loan $664.29 $23,914.44 Debt settlement program $611.29 $20,000 Consumer proposal $166.67 $6,000

Do all debts have to be included in a consumer proposal? You must include all unsecured debts when you file a consumer proposal. It is not possible to exclude one or two specific creditors. The main reason being that a proposal is a legal process that deal with all creditors fairly.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232