SOLUTIONS POSSIBLES

Sell ​​some assets

Even, if you have many debts, you may owned some assets that could be sold. The money available from the sale could help you pay some of your debts. So, take the time to examine your goods: cars, motorcycles, land, house, shares, bonds, life insurance policies, RRSP (important fiscal impact – careful).
  • For cars and motorcycles, you can ask a dealer or look at website like Autohebdo to know the estimated value.
  • For life insurance policies and other investments, ask your broker to know the money available and the fiscal implications.
  • For RRSP’s, even if we do not recommend that solution, ask your accountant or bank representative to find out how much is available and what income tax impact will be.
  • Finally, regarding your house or land, talk to a real estate agent to know the fair market value that could be reasonable.
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The solutions

The solutions

Several solutions are possible to solve your financial problems and avoid bankruptcy.