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I am an Insolvency Counselor by the Canadian Association of Insolvency and Restructuring Professionals (CAIRP).
I believe that anyone struggling with debt should be well informed and know the options available to them. I’m happy to answer questions and always take the time to fully explain procedures and processes to my clients.
I spent 8 years in the Automotive Franchising industry where I worked one on one with business owners, helping them achieve their goals and improve profitability. I take a creative approach to problem-solving and work diligently to find the optimal solution for my clients.
Often, people struggling with debt attempt to get a loan to solve their debt troubles. Unfortunately, loans only provide temporary relief as all the debtor has done is paid off one debt with another debt. At best, a loan will only save the debtor a bit of interest.
Debt Restructuring involves reducing the overall amount of debt owed, and repackaging it so the debtor is better able to pay off his/her debt.
A client of mine owed $51,000 and was paying about $1300 a month to keep the creditors off his back. The client filed a consumer proposal with a bankruptcy trustee structured by 4 Pillars for $14,700, spread over 5 years at 0% interest. That's $245 per month for 60 months. Total debt reduction was 71%. What's most important is the amount of cash my client saves every month as a result of his proposal. He's saving more than $1000 monthly and watching his debt diminish with each payment.
My client can now devote his cash to more productive items. Moreover, with his proposal approved he may now start the process of rebuilding his credit, all the while saving cash every month.
You can read more 4 Pillars reviews from Markham & North York clients I've helped at the bottom of the page.
Each method has its own advantages and unique characteristics. In each case though, the overall amount of debt owed is reduced, thus making the elimination of debt more manageable. The number of money debtors saved through restructuring is almost always beneficial, occasionally staggering!
Getting out of debt requires more than debt elimination though. Once the restructuring process is complete, it's up to 4 Pillars to help clients rebuild.
While people fall into debt for all kinds of reasons (often circumstantial), learning to develop and utilize a budget is a critical skill for anyone who wishes to remain debt-free in the long term.
4 Pillars follows up with clients and works through a comprehensive budgeting program, providing tips and techniques on how to maintain positive cash flow and avoid future debt.
Anyone who has struggled with debt and gone through the restructuring process will need to rebuild their credit as well.
The great thing about credit is it can always be rebuilt, often in as little as 18 months.
4 Pillars provides clients with a detailed credit-rebuilding program that helps them rebuild credit at a steady pace while avoiding the pitfalls of trying to obtain too much or too little credit at once. Moreover, 4 Pillars provides clients with proprietary products that help accelerate the rebuilding of credit while ensuring our client's cash flow remains positive.
In order to get you out of debt, we must first take the time to fully understand your situation. Everyone is different and one size does not fit all. We then take action to cut your debt, reducing the overall amount owed. This enables you to pay back a reduced amount of debt, over time, at zero percent interest. We then work to help you rebuild through our budgeting and credit-rebuilding program.
The advantage of working with a 4 Pillars consultant is the flexibility and resourcefulness available to all clients. By representing the debtor's interests, we are able to use our expertise to find the optimal solution for our clients.
Sometimes, the solution for our clients is straightforward and simply requires taking a client through the restructuring process, such as a Consumer Proposal by working to obtain the best deal possible and carefully selecting the trustee to administer the proposal. Occasionally though, more complex situations require a creative approach. Examples include working to protect assets, addressing different types of debt (unsecured, secured, corporate, personal), and securing additional professional support in order to put the client in a better situation than he/she was in prior to working with 4 Pillars.
We are located at 77 Finch Avenue West, Suite 102, North York, ON M2N 2H5. Phone: (416) 222-6772.
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Hey Zach. I just wanted to say THANK YOU so VERY much for everything. You have no idea how comforting it is to have someone like you in my corner. I'm continuously bragging about you and your services and your amazing hookups. I'm so thrilled to have met Raphael and I see why you recommend him -- he's just like you! He's so eager to help and make sure I'm comfortable, secure and happy. I'm in LOVE with my jeep and completely stress free. In short, you're amazing. Thank you, thank you, thank you!
Shannon, Markham Ontario
"The stress and worries are over. We are living again."
Actual client testimonial. Name removed to protect privacy.