Marie-Ève’s boutique

"A huge thank you to the entire BRESSE syndics team, for their discreet and effective support, which enabled me to regain my stability and protect my family." Marie-Ève

The situation

For the past ten years, Marie-Ève has run a small clothing retail business in a Montreal suburb. Passionate about fashion and customer contact, she has always put all her energy into the success of her business. Over the years, however, competition from online retailers intensified, gradually reducing her customer base. To adapt, she invested in the creation of a transactional website, an expensive project that today leaves her with a substantial bill she can’t pay.

Financial difficulties are mounting: delays with certain suppliers, a ballooning secured line of credit and constant pressure from the bank. As a single parent, she fears that her debts will lead to the foreclosure of her house, jeopardizing her daughter’s stability. The daily calls from creditors exhaust her, as does the fear that those around her will discover her difficulties.

No longer able to fight in an environment where competition is fierce and margins too low, Marie-Ève decided, on the recommendation of an entrepreneur friend, to consult BRESSE for help.

The objectives

– Keep your situation confidential;
– Close your business; and
– Keep your home.

The solution

Following the recommendations of her advisor Georges, Marie-Ève files for bankruptcy in order to put an end to her business and settle all associated debts. This difficult but necessary decision puts an end to the constant pressure from her creditors. Georges takes charge of all the steps involved and ensures that everything runs smoothly, offering Marie-Ève attentive, reassuring support.

At the same time, for her personal debts linked to bank guarantees, she files a consumer proposal. Georges takes the time to listen to her concerns, answer her questions and explain every step of the process. A settlement offer is presented to the creditors, with payments of $300 per month for 60 months. More than half of them accept the agreement, which protects Marie- Ève from being sued or seized as long as she keeps up her payments. Georges also reassures her that her home is protected, as is her daughter’s stability.

The result

Thanks to Georges’ support and the steps she took, Marie-Ève has regained her financial equilibrium. Her business debts have been settled, and her consumer proposal now allows her to pay off her personal debts without pressure.

The calls from creditors have stopped, and her house is safe, finally bringing her the peace of mind she was looking for for herself and her daughter.

Today, Marie-Ève sleeps better, regains her confidence and looks to the future with calm. She feels relieved to have made the right decisions and acted at the right time.

For confidentiality purposes, the names mentioned in the testimonials have been changed.

An agreement is often possible

Let a BRESSE advisor guide you. An initial meeting at no cost will provide clarity.

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