Thinking of using a debt settlement company as a solution to the ending your debt? One of the biggest Debt settlement/Debt solutions company in Canada, has filed for protection with a bankrutpcy trustee. The Division 1 proposal filed to protect the company from it’s creditors indicates that the company has ZERO $0.00 Assets.
Have the clients of GTA Credit now lost all their money, money that should have gone towards paying down their own debt?
This is just another example of Debt Settlement gone wrong. Despite all the warnings from the federal and provincial governments, Canadians are still using this “get fixed quick” scheme to end the cycle of minimum payments and harassing creditors.
Understand your options, understand the regulations and get a clear picture on your future. Speak to a bankruptcy trustee located in your area.