Robert Powell

About

There are many reasons why people go through financial difficulty. Sometimes people experience a period of unemployment, underemployment, or reduced income. Other times they may have suffered a serious illness or injury, lost a large investment, or had other expenses that threw their budget out of balance. Bankruptcy is a legal process in which an individual or business can seek relief from unsecured debt they cannot pay. Personal bankruptcy, in essence, is a way of indicating to your creditors that you are in financial distress and have no other means of paying them back. It is an alternative to a consumer proposal and is typically used as a last resort option. At Powell Associates Ltd. - Licensed Insolvency Trustee our Moncton Licensed Insolvency Trustees