Informal agreement with creditors
The informal agreement is a proposal negotiated with your creditors, aimed at reducing your debt or modifying the repayment terms (interest rate, payment period) to suit your situation.
Such an agreement requires negotiation and must be set down in writing to avoid any ambiguity. Your advisor will guide you through the process and, if necessary, contact your creditors directly on your behalf.
Is the informal creditor agreement right for you?
If any of these statements apply to you, an informal agreement may be the right solution.
You’re in financial difficulty.
You have a limited number of creditors.
You’ve tried unsuccessfully to get a loan to pay off your debt(s).
You want to avoid bankruptcy.
Many situations can be resolved through an informal agreement with creditors.
You want to stop a lawsuit against you.
You owe money to a former business partner.
You’re being asked to pay a debt you’ve assumed for someone else.
You want to avoid bankruptcy.
Journeys like yours
What you're going through is far from unique. Thousands of people have been in this situation before. You deserve a second chance.
Claude’s retirement
“From my very first meeting, Charles helped me understand my options and put my situation into perspective. I quickly realized that by filing for personal bankruptcy, I could eliminate all my debts while keeping my car and my belongings. So I chose this solution. From day one, I felt relieved and started sleeping again. In just nine months, I was discharged from all my debts.”
Stéphane’s health problems
“I have only one thing to say: thank you! You guided me toward the most effective solution to help me get through this difficult period. You took the time to help me prepare to speak with my creditors — and at no cost. Today, my situation is back to what it was before my health issues. Thank you for your honesty, your transparency, and the excellent advice you gave me.”
Simon’s divorce
“I had gotten to the point of wondering whether I was still able to properly take care of my son, I was so deep in debt… My whole world was collapsing. A friend told me about BRESSE, so I decided to meet with one of their advisors. An immense weight was lifted off my shoulders from the very first meeting.”
Sophie’s taxes
“Until my first meeting with my advisor at BRESSE, I thought I would never get out of my situation. Martin clearly explained all my options and took the time to answer my questions. The decision was very easy to make. I chose the consumer proposal. Throughout the entire process, I felt well supported. Thank you to the whole team.”
Emilie and Marc’s progressive indebtedness
“We had gotten to the point of taking cash advances on one card just to make the minimum payment on another. We didn’t even dare answer the phone anymore because we no longer knew what to say to our creditors. From our very first meeting, the pressure lifted: our advisor helped us regain control of our finances. We can finally breathe again! Thank you to the professionals at BRESSE.”
Eric’s job loss
“Thank you to the BRESSE team for taking the time to carefully analyze our situation. The solution proposed by our advisor allowed us to avoid bankruptcy and keep our home as well as our car.”
