Bankruptcy & Consumer Proposal
Tracy, New Brunswick

Bankruptcy & Debt Help Services in Tracy

The small town of Tracy is located in New Brunswick, Canada. The town is home to just over 1,000 people, and the main industries in the town are forestry and farming. While the town is relatively small, it does suffer from a high level of debt. This can be traced back to a number of factors, including the high cost of living in the town and the lack of jobs.

The high cost of living in Tracy is driven by a number of factors. The main one is the fact that the town is located in a rural area. This means that there are few job opportunities, which leads to people having to commute long distances to find work. In addition, the cost of housing is high, as there is limited availability. This means that people have to pay more for housing, which drives up the cost of living.

The lack of jobs is also a major factor in the high level of debt in Tracy. This is because the main industry in the town is forestry. However, the forestry industry has been in decline in recent years, leading to a decrease in the number of jobs available. This has led to many people being forced to take on debt in order to make ends meet.

While Tracy does suffer from a high level of debt, there are options available for those who need help. One option is our debt help service. This service can provide you with assistance in dealing with your debt and finding ways to reduce it. Contact us today.

Powell Associates Ltd. is a Licensed Insolvency Trustee. We are experienced, hands-on insolvency practitioners who understand the personal impacts of major financial stress.

Our debt relief services ensure you are treated fairly and with dignity.

  • You won’t be stuck in an assembly line process.
  • You will expect and receive prompt responses and resolution of issues from our supportive and experienced team.
  • We will review your debt solution options, including filing a consumer proposal or personal bankruptcy.
  • We help Canadians with overwhelming debt get fresh financial starts.

Once you file, we deal directly with your creditors on your behalf. Your creditors are required to stop contacting you or continuing legal actions against you. Contact us for a free consultation.

Not sure where to start? No worries! We are debt consolidation experts and can help you find the perfect solution for your situation. Yes, that even includes some options we cannot personally help you with! With our advice, you will be pointed in the right direction.

Filing for bankruptcy can be a difficult decision, but it may be the best option for your financial situation if you are struggling with unmanageable debt. When you file for bankruptcy, the vast majority of your unsecured debts will be discharged, and you will have a fresh start. Bankruptcy can help you get back on your feet and rebuild your credit.

Advantages of bankruptcy include:

  • Discharge of most unsecured debts
  • Stops wage garnishments and legal action by creditors
  • Prevents repossession of assets
  • Can help rebuild your life
  • You do not automatically lose your assets.

If you're struggling to keep up with your debt, a consumer proposal may be the solution for you. This type of debt relief can help you get ahead of your payments and avoid bankruptcy.

Advantages of consumer proposals include:

  • You can keep your assets, including your home and car.
  • Your payments will be lowered, making them more manageable.
  • The consumer proposal will stop interest and collection calls from creditors.
  • With few exceptions, you will be released from all unsecured debts.

Tracy is serviced by one our of main locations.