Irving Burton Ltd. Provides Alternatives to Bankruptcy in Toronto
They offer solutions to people facing seemingly insurmountable debt problems.
(prHWY.com) December 27, 2012 - Toronto, Canada -- Toronto, Ontario (December 6, 2012) - Irving Burton Ltd. is providing individuals some alternatives to bankruptcy in Toronto. They offer solutions to people facing seemingly insurmountable debt problems.
According to Industry Canada, consumer bankruptcies are down by 14.9%, or 73,038 cases that were settled by September 30, 2012, compared to 81,769 cases from the previous year. Meanwhile, consumer proposals that allow people to consolidate their debts and lower their payments are up by 4.7% or 47,839 cases for the same period compared to 3,729 cases for the previous year.
The numbers above suggest an improvement in people's dealings with bankruptcy and/or their financial obligations. The firm of Irving Burton Ltd. wishes to aid in that endeavour by providing insights and solutions to help others manage their debts before possibly filing for bankruptcy. They offer to assist clients by making consumer proposals or by resorting to debt restructuring.
The Bankruptcy and Insolvency Act allows a person to opt for a consumer proposal with his or her creditors, lowering payments and merging debts into one. For example, a person owing a total of $70,000 to creditors can - under a consumer proposal - pay $600 a month for 4 years, eventually paying off a lower total of $28,800. Irving Burton can arrange for such a proposal on behalf of their client.
As a licensed trustee in bankruptcy, the firm also handles debt restructuring. As the words imply, individuals and companies can reorganize or restructure their financial obligations so that they can more manageably pay off their debt.
The Toronto debt management group stands ready to assist people with their financial obligations without having to go bankrupt. Visit
www.TorontoBankruptcyAdvice.com to find out more.
About Irving Burton Limited
Irving Burton Ltd. is a licensed trustee that helps people find ways to resolve their bankruptcy or debt problems. Aside from filing consumer proposals or handling debt restructuring, they also do budget and credit counselling. They have five offices in Ajax, Oshawa, Scarborough, Willowdale, and Whitby.
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