Facts & Information Page:
Eddy-Wright & Associates Inc. - Canada

Canadian Money Advisor Rank

Product Names

Product Name


Credit Counseling

Proposals

Bankruptcy

COMPANY CONTACT INFORMATION:

Eddy-Wright & Associates Inc.
1924 Water St
Kelowna , BC V1Y 1K6
Website:http://www.managingdebtwithdignity.ca/

Customer Service Phone: 250-717-0222
Customer Service Fax:(250) 717.0272
Contact's Phone:(250) 717.0222
COMPANY INFORMATION AND BIOGRAPHY:

Trish Eddy-Wright was born in Bathurst, New Brunswick. Her last eventful move was to the Okanagan from Vancouver, in May 1995. She was employed in area of insolvency since August 1984 and got her trustee license in 1995. She pioneers in field of insolvency for the Province of British Columbia being the first female trustee to open her own practice.

Her present practice is primarily focused on Financial Counseling, Debt Management, Negotiation with Creditors, Administering Consumer Bankruptcies, Formal and Informal Proposals. Her activities are to offer sociable, professional recommendation on financial matters to professionals and individuals in the Central Okanagan. She was the past Director on the Downtown Kelowna Association, and past volunteer for Big Brothers and Sisters of the South Okanagan & Central Okanagan.

Product Name Product Description
Credit Counseling The advantages of proposals are that you can have immediate protection from creditors, no telephone calls, no legal action. It is binding on all unsecured creditors upon acceptance, the majority passes the proposal and all creditors are part of the proposal. Creditors cannot garnishee wages or seize assets, except FMEP. The proposal can be a lump sum repayment or monthly payment plan and does not require full payment of debt. There is no interest and payments are based on your income and ability to pay.

Aside from that, you are exempted assets are not affected. The R7 rating on credit report will remains on your record for 3 years after completion of the proposal. Trish Eddy-Wright and Ann Clarke are both federally licensed trustees. The legislation dictates that the trustee acts both for the individual and the creditor. Trustees are monitored by the federal government in Ottawa and the Office of the Superintendent of Bankruptcy may be able to assist you if the trustee is not performing his/her duties in accordance to legislation. And lastly, Trustees are supported by the creditor and legal industry.
Proposals The advantages of proposals are that you can have immediate protection from creditors, no telephone calls, no legal action. It is binding on all unsecured creditors upon acceptance, the majority passes the proposal and all creditors are part of the proposal. Creditors cannot garnishee wages or seize assets, except FMEP. The proposal can be a lump sum repayment or monthly payment plan and does not require full payment of debt. There is no interest and payments are based on your income and ability to pay.

Aside from that, you are exempted assets are not affected. The R7 rating on credit report will remains on your record for 3 years after completion of the proposal. Trish Eddy-Wright and Ann Clarke are both federally licensed trustees. The legislation dictates that the trustee acts both for the individual and the creditor. Trustees are monitored by the federal government in Ottawa and the Office of the Superintendent of Bankruptcy may be able to assist you if the trustee is not performing his/her duties in accordance to legislation. And lastly, Trustees are supported by the creditor and legal industry.
Bankruptcy Bankruptcy is the last resort but the first step to get back on track is to stop any garnishees, stop the harassing telephone calls and make more money available.

The advantages of bankruptcy are that there is an immediate protection from creditors. The process is usually completed in nine months. The cost is usually less than other options. It provides one-on-one counseling with a licensed counselor. The surplus income may be applicable. This will usually be discussed with you before you file. There is no co-signer required. Student loans can be written off where the debt is over 10 years old. The exempted assets are allowed by provincial law.

Furthermore, you can operate a business having a sole proprietorship. Income tax, GST debts and ICBC debts are all included. Employment Insurance penalty and interest is written-off. First time bankrupts can receive an automatic discharge at the end of nine months where there is no surplus and all duties are preformed. Reestablishing credit can happen after bankruptcy. Individuals are protected by provincial and federal legislation. Payments are less than payments to the unsecured creditors. Shortfalls as a result of a foreclosure are included in the debts. And finally, it includes all debts incurred while operating a business while a director or where guarantees were provided.