Facts & Information Page:
Murphy & Associates L.W. Murphy Ltd - Canada

Canadian Money Advisor Rank

Product Names

Product Name


Personal Debt Solution

Proposal to Creditors

Personal Bankruptcy

COMPANY CONTACT INFORMATION:

Murphy & Associates L.W. Murphy Ltd
#410 15225 104 Ave
Surrey , BC V3R 6Y8
Website:http://www.murphydebtsolutions.com/

Customer Service Phone: 604-584-2121
Customer Service Fax:604-584-2461
Contact's Phone:604-584-2121
COMPANY INFORMATION AND BIOGRAPHY:

The Team is composed of local, knowledgeable professionals offering confidential recommendation and support for those individuals undergoing financial problems. They are willing listen to you and assist you in finding the most excellent solution for your personal situation. There are several names to mention that compose the company.

One of which is Lloyd Murphy, CA, CIRP who is specializing in creative debt solutions for individuals and businesses, the team is headed by Lloyd Murphy. He is certified Trustee, Chartered Accountant, and a Canadian Insolvency and Restructuring Professional with more than 30 years of experience.

Another individual to name is Marion Desjarlais. Marion is a Senior Estate Manager, licensed Debt Counselor, and an experienced Insolvency Administrator of bankruptcy and proposal estates with more than 16 years of experience in the field.

Next is Ben Franklin, BA, AICB. Ben is an Estate Manager and Corporate Insolvency Administrator also granting services with regards to personal bankruptcy and proposal services. He has a broad milieu in credit and collections for a major chartered bank.

Last but not the least is Bridget Lozier. Bridget has 40 years experience in bankruptcy process management and supports the rest of the team as a highly qualified administrative assistant.

Product Name Product Description
Personal Debt Solution A proposal to creditors may be an alternative that you can acquire that would depend on the debt, payment capability, and your personal circumstance. When you file a proposal under the Bankruptcy and Insolvency Act, it can halt the creditor action right away. Creditors may not continue in collecting your debt until they have considered your proposal.

The Proposal Process would follow certain steps. Firstly, the proposal is made by the Trustee basing it with the information you have given them, it will then be disseminated to your creditors for consideration. The proposal will provide the creditors a percentage of the amount you are indebted, generally paid off in monthly installments and dispersed to the creditors at usual intervals by the Trustee.

The results of Filing a Proposal would happen if the majority of the creditors have accepted the proposal. Payments will then be made to show full and final payment of the debt. No interest will keep on to accumulating. In nearly all cases, a proposal lets you keep in control of your assets.
Proposal to Creditors A proposal to creditors may be an alternative that you can acquire that would depend on the debt, payment capability, and your personal circumstance. When you file a proposal under the Bankruptcy and Insolvency Act, it can halt the creditor action right away. Creditors may not continue in collecting your debt until they have considered your proposal.

The Proposal Process would follow certain steps. Firstly, the proposal is made by the Trustee basing it with the information you have given them, it will then be disseminated to your creditors for consideration. The proposal will provide the creditors a percentage of the amount you are indebted, generally paid off in monthly installments and dispersed to the creditors at usual intervals by the Trustee.

The results of Filing a Proposal would happen if the majority of the creditors have accepted the proposal. Payments will then be made to show full and final payment of the debt. No interest will keep on to accumulating. In nearly all cases, a proposal lets you keep in control of your assets.
Personal Bankruptcy If a proposal to creditors is not considered an alternative for you, filing a personal bankruptcy may be the most excellent way to achieve debt relief and begin a fresh start. Similar to a proposal, filing a bankruptcy put hold on every action of the creditor without delay.

The Bankruptcy Process is going to be long and stressful. The Trustee will help you in making and filing the essential documents, and will inform your creditors. There are requirements under the provincial legislation that lets you keep hold of certain assets such as home furniture, personal property, vehicles, equity in property, and tools of your trade, but would matter on the value of the item.

If you have a secured creditor such as the financial organization that paid for your vehicle acquisition, there is a probability to keep on paying the secured creditor and keep your assets. During bankruptcy, your earnings are checked by the Trustee. Aside from that, with the administration costs, you may be obliged to put together payments of your bankrupt estate basing it with your household income.

These are known as surplus income payments, and are needed under a Directive issued by the Superintendent of Bankruptcy. Your Trustee will warn you of every aspects of the bankruptcy process as they relate to your personal situation to allow you to make an informed choice.