Dealing with overwhelming debt can be a stressful and challenging experience. The constant calls from creditors demanding payment can make it difficult to focus on finding a solution to your financial troubles. However, there is a way to put an end to these creditor collection calls and achieve debt relief: by filing a consumer proposal or personal bankruptcy.

Filing a consumer proposal or personal bankruptcy can provide a path to financial freedom by allowing you to negotiate or discharge your debts. Both options are legally binding and provide immediate relief from creditor collection calls, allowing you to focus on your financial recovery.

A consumer proposal is a formal, legally binding agreement between you and your creditors. Under the terms of the proposal, you agree to pay a portion of your outstanding debt over a set period of time, usually up to five years. In exchange, your creditors agree to forgive a portion of your debt and stop collection actions.

On the other hand, personal bankruptcy is a legal process that allows you to eliminate your unsecured debt. Once you file for bankruptcy, an automatic stay of proceedings goes into effect, preventing your creditors from taking any further collection actions against you, including calling you to demand payment.

While filing a consumer proposal or personal bankruptcy can provide relief from creditor collection calls, it is important to talk to a Licensed Insolvency Trustee to fully understand these two options and see which one is best for you.

If you are struggling with overwhelming debt and are tired of creditor collection calls, filing a consumer proposal or personal bankruptcy may be the right solution for you. Contact a licensed insolvency trustee to discuss your options and find out how you can take control of your finances and achieve debt relief.