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 enabled us to avoid bankruptcy and keep our house and car." Éric

The situation

Éric and Stéphanie live in Montreal with their two teenage children. Since the purchase of their home 15 years ago the couple have always managed their finances well. Stephanie has a stable job, while while Éric has been working a multinational company for several years.

One day, everything changes: the company Eric works for closes its doors, and he finds himself unemployed. The family income plummets. To continue providing for the family, Éric and Stéphanie start using their credit productscredit products. The debt load quickly climbs: a line of credit of $26 000, credit cards totaling nearly $40,000, unpaid bills, two months behind on the car payment car payment and a new government assessment of $7,500.

Even after Éricit a job, the accumulated debts make the situation unbearable

The objectives

– Resolve their financial difficulties without losing their home or car ;

– Avoid bankruptcy ;

– Regain control of their family budget ; and

– Putting an end to creditor pressure.

The solution: Consumer proposal

After meeting with a BRESSE consultant, Éric and Stéphanie submitted a proposal for a proposal. This solution enabled them to consolidate all their debts into a single monthly payment their financial capacity. Their advisor took the time to negotiate directly with the creditors creditors and worked out a realistic agreement. Thanks to this procedurethe couple were able to avoid bankruptcy and put an end to the constant pressure of collection calls.

The result

Today, Eric and Stephanie have their peace of mind back. They know exactly how much to pay each month, their payments are stable and their debt is gradually decreasing. The consumer proposal gave them a second chance at financial success, enabling them to start afresh with a clear, realistic plan.

In the interests of confidentiality, the first names mentioned in the testimonials have been changed.

Agreement is often possible

Let a BRESSE consultant guide you. A free initial meeting will enlighten you.

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