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4 Pillars or A Licensed Insolvency Trustee: your best option in Kitchener

By Scott Patton

4 Pillars or A Licensed Insolvency Trustee: your best option in Kitchener

When is the last time you enjoyed a good night’s sleep?   If you’re struggling with debt you’ve had your share of stress driven nightmares; sleepless nights tossing and turning while you’re brain reminds you of every pending bill, every past due notice, every empty bank account and broken promise.  In your exhausted state you may think Bankruptcy is your only option. Businesses and Millionaires do it all the time, right?!  However Bankruptcy is a complicated procedure that may leave worse off financially then when you filed.  Before considering Bankruptcy or a Consumer Proposal to settle your debt, you need to do your homework and educate yourself to the pros and cons of this solution.  A 4 Pillars Debt Specialist can help you navigate through your debt settlement.

4 Pillars Kitchener Debt Consultants work for the YOU the consumer.  Trustees Work for your Creditors. 

When you’re ready to find help, real Debt Help, 4 Pillars Debt Consultants is just a phone call away.  4 Pillars work on your behalf to find you the best solution to deal with your debt.  That solution may be a comprehensive debt restructuring plan, it may include debt consolidation, or creating a realistic budget.  4 Pillars will analyze your particular situation and present the best options for YOU!

If your only option turns out to be Bankruptcy or a Consumer Proposal, there are a few facts you should be aware of.

1) You are legally required to go through a Licensed Insolvency Trustee, formerly known as a Bankruptcy Trustee.

2) A Licensed Insolvency Trustee or LIT is NOT legally required to work in your best interests.

3) The Trustee has several statutory obligations under the Act, none of which is to act as a financial advisor to a consumer struggling with consumer debt.

4) They are not obligated to help you get the best possible result when making a consumer proposal or filing for bankruptcy.

5) The LIT has a fiduciary duty to your creditors.

Although you are legally required to file through a trustee, there is nothing preventing you from having an expert of your own to navigate the process, advocate on your behalf, and ensure you get the best possible outcome for your personal situation. In fact when considering a Consumer Proposal or Bankruptcy having an advocate like 4 Pillars will always be to your advantage.  4 Pillars Debt Consultants work for you. There is no conflict of interest with your creditors because 4 Pillars’ priority is to reduce your debt by up to 80 percent.  They will work with you on a comprehensive credit rebuilding plan so you are not left vulnerable for future financial challenges, they will see you completely debt free within 5 years, and they will get you there with compassion, and understanding.


4 Pillars Creates Lasting Solutions

When you speak with a 4 Pillars Debt Specialist about seeking DEBT HELP you will quickly see that this is a financial expert who wants to create the best solution for your financial situation.  Because your debt has probably destroyed your credit rating you may find it difficult to move forward financially. Fortunately, 4 Pillars has several programs in place to help repair and rebuild your credit, quickly and effectively.  Your 4 Pillars Debt Specialist will help you create a realistic budget that lets you plan for your future.  One of the first casualties of debt is hope, your hope for a brighter financial future.  A meeting with a 4 Pillars debt specialist will not only restore that hope, but you’ll walk away with the tools and confidence to create that brighter future.

If you’re unsure of your debt situation or how to proceed, 4 Pillars online Debt Bootcamp can help educate you.  Sign up for free at 4Pillars.ca.   4 Pillars Debt Consultants also offer a comprehensive After Care Program ensuring you are a valued client for life. It’s a fact, over 97% of 4 Pillars clientele have successfully completed their debt restructuring plans making 4 Pillars an industry leader in Canada.  The 4 Pillar’s After Care Program has become so popular that 4 Pillars competitors have sent their clients to 4 Pillars to ensure they have the tools to not only stay out of debt, but they are able to reach their financial goals.

4 Pillars Culture of Caring 

4 Pillars has helped thousands of Canadians see their way out of debt.  With a little tenacity and persistence, our Debt Specialist in Barrie Ontario was able to help a young family avoid bankruptcy and reduce their debt from $120,000 to $19,500.

A young family approached 4 Pillars looking for help with their debt.  They’d been to a Trustee in Toronto who told them they could only reduce their debt to $81,000 leaving them with a monthly payment of $1350.  This amount was still more than they could afford and they feared they would soon lose everything.  The 4 Pillars Debt Specialist knew there were better options for this hard working family and she set out to reduce their debt even further. Through perseverance she negotiated with the bankruptcy trustees to structure a Consumer Proposal this young family could afford; taking their monthly payments from a staggering $3500 a month to an affordable $350 a month over the next 60 months!

should I declare bankruptcy or file a consumer proposal Canada

Hi, I’m Scott Patton, your 4 Pillars Debt Specialist in Kitchener.  Over the next two installments I’ll explain the approach credit counsellors and trustees take with your debt and I’ll also show you how good your debt free future will look. Spoiler alert, it’s going to look pretty good!

To learn more about debt settlement or if you have any concerns about your own debt situation, call me today to set up your free initial consultation. Call (519) 502 9227,

4 Pillars Debt Solutions.  Visit us at 4Pillars.ca

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