You may qualify to
REDUCE DEBTS TO AN AFFORDABLE LEVEL
An informal arrangement is an arrangement between you and your creditors which may include giving you more time to pay your debts, agreeing to re-negotiate the loan, settling for a lesser sum or freezing the interest for a period of time.
Debt consolidation is taking multiple debts and consolidating them into a single loan, subject to a single interest with a single monthly repayment. This makes managing your debt situation significantly easier and often you can end up paying less each month than you were paying before.
Mortgage refinance uses the equity available in your property to repay other high interest debts. It may allow you to consolidate your current monthly repayments from all your debts into one convenient repayment. The benefits may include paying off your mortgage faster and a reduction in the amount you repay each month.
A debt agreement is a legally binding arrangement between you and your creditors to repay your debts. Under a debt agreement you agree to repay an amount to your creditors over a set period of time, usually from 3 to 5 years. This repayment amount is based on what you can reasonable afford to pay.
A personal insolvency agreement is an arrangement between you and your creditors to satisfy your debts. The arrangement could consist of a contribution of your income over a period of time or an assignment of your assets. The arrangement must be accepted by a special resolution of creditors and is legally binding.
If you are in debt and are considering bankruptcy think before you act. Bankruptcy is a last resort and has serious consequences. You need to be fully informed. Before you make any decision or take any steps talk to Fox Symes. There are alternatives.