DAVIS DAIGNAULT SCHICK
Suite 830
840 - 7th Ave. SW
Calgary, Alberta
T2P 3G2
ACCOUNTING
(403)262-3394
(403)269-3540 FAX
BANKRUPTCY
(403)777-2415
(403)269-3540 FAX
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Davis Daignault Schick has over 25 years experience in helping individuals and businesses solve their financial problems. Our professionals provide debt counseling services and have specialized expertise in personal financial management and consumer debt resolution strategies.
Unemployment, illness, business failure can all result in financial difficulties, which if ignored can escalate beyond your control. Our debt counselors will assess your financial situation and explain the options available to you to solve your financial problems.
Do you have a debt problem? Use our Consumer Debt Checklist to help you identify potential debt problems. We can help you evaluate your financial situation and explain the options available to solve your financial problems.
Recognize danger signs by answering these questions. In the past 12 months have you experienced the following?
Are you at or over the limit on your credit cards?
Are you always paying the minimum balance on your credit cards?
Have you missed monthly payments to creditors?
Are you using one credit card to pay off another?
Are you taking cash advances or borrowing from friends or relatives to cover your expenses Are you consistently living on your bank overdraft?
Have you been denied credit because of your credit rating?
Do you have sleepless nights because you worry about money and your debts?
Are bill collectors harassing you for payment of your bills?
Do you avoid your mail because your are scared a creditor has sued you and may be about to garnishee your wages?
If you have answered "yes" to any of these questions, you are in financial difficulties or heading for serious financial problems and you need to consider the options available to solve your financial problems.
If you are currently experiencing financial difficulties or believe you may be heading for serious financial problems, complete our Financial Evaluation Form. This will help you organize the information you will need to assess which of the options available to solve financial problems is best suited to your situation.
If you wish to review your financial situation with a Debt Counselor from Davis Daignault Schick Ltd., you can complete the Financial Evaluation Form on-line or download the form and fax or mail to our office.
Financial Evaluation Online Form
Download Financial Evaluation Form (pdf format)
Take the first step to financial recovery, contact us.
OPTIONS TO RESOLVE DEBT PROBLEMS
If you are experiencing debt problems, there are options available to solve your difficulties.
The strategy you choose will depend upon:
How much you owe.Your repayment ability.Options to consider include:
Increasing your incomeReducing your expensesLiquidating your assetsConsolidation of debt through a financial institutionDebt CounselingContact us to discuss consumer debt repayment strategies including a Consolidation Order through the Orderly Payment of Debt program which is administered by the Credit Counseling Services of Alberta.
A Consumer Proposal is an arrangement with your creditors to pay off all or a portion of your debt, or to extend the payment period of the debt or in some situations, a combination of both. A Proposal must conform to the regulations set out in the Bankruptcy and Insolvency Act and must be prepared by a Trustee in Bankruptcy such as Davis Daignault Schick.
A Consumer Proposal can only be filed by an individual who owes less than $75,000, excluding the debt secured by a principal residence.
A Consumer Proposal cannot extend over more than 5 years.
Is a Consumer Proposal a viable option for me?
If you can afford to pay at least a portion of your debts then a Consumer Proposal may work for you. A Stay of Proceedings goes into effect upon the filing a Consumer Proposal, which prevents unsecured creditors from commencing or proceeding with collection action until the Proposal is dealt with. A Consumer Proposal generally provides for one monthly payment to be made to the "Administrator" who must be a Trustee in Bankruptcy.
A Consumer Proposal is similar to a Loan-Consolidation eliminating the need to pay many creditors at the same time.
You will be required to attend 2 financial counseling sessions during the period of the proposal.
Last Updated July 13, 2002 | webmaster@dds.ab.ca