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Wednesday, August 23, 2017

4 Pillars Consulting Group Launches the New Canadian Home Program





 Victoria, British Columbia (August 25, 2017) – 4 Pillars Consulting Group has launched the Canadian Home Program, a home ownership program designed to aid aspiring homeowners. The program offers Canadians the opportunity to gain more knowledge about qualifying for a mortgage, effective money management and financial literacy. Completing the program allows families to become more stable financially.

The program consists of two sessions where participants can learn about important topics like budgeting, debt, the credit rating system, financial restructuring and credit rebuilding. The objective of Session 1 is to explain the crucial requirements to qualify for home ownership. Here, industry professionals will educate would-be homeowners on income qualification, deposit requirements, credit scoring, improving credit scores and debt restructuring. At the end of the session, additional assistance will be given in the form of a detailed plan for home ownership.

Friday, August 11, 2017

Ask 4 Pillars Debt Consultants What Assets You Can Keep in Bankruptcy




Filing for bankruptcy with a Licensed Insolvency Trustee gives you protection from your creditors and virtually all actions they can take against you to collect payment. However, it comes with a huge drawback: you will have to surrender some of your assets to a trustee. Your assets will then be liquidated to pay off your creditors and settle all your debts.

When bankruptcy is your only option, this is an unfortunate reality you have to live with. It is worth noting, though, that there are federal laws in place to prevent your creditors from taking advantage of your situation. Debt consultants from 4 Pillars in Victoria, Nanaimo, Port Alberni, and Courtenay can help you determine which of your assets may need to be given up to the trustee and also consult with you on other options to deal with your debt. 

Tuesday, August 1, 2017

4 Pillars Specialists Can Help If Your Consumer Proposal Was Denied





Filing for a consumer proposal is one of the most effective ways to pay off debt. Through this process, debtors can comfortably repay what they owe through a licensed insolvency trustee. Most creditors prefer this method as well because proposals often offer greater realizations than a bankruptcy.

Once you file for a consumer proposal with support and guidance from 4 Pillars in Victoria, Nanaimo, Port Alberni, or Courtenay, your creditors will have a 45-day voting period. During this time, they will determine whether to accept or reject your proposal. If the majority votes to accept your proposal, then the process will move forward. If the votes are split, you may be asked to attend a meeting with your creditors where both parties will try to reach an agreement.