Personal Insolvency ServicesDo you feel that you’ve reached the end of your rope, and you cannot find a solution to all of your financial burdens? At Morgan & Partners Inc., we know how difficult it can be to discover that your financial situation is in a crisis and you are unable to pay your bills. That’s why we offer personal insolvency services to assist you with addressing your financial burdens and mapping a new road to financial health.

As your licensed insolvency trustee, we are able to help you negotiate with creditors and determine a financial plan that leads you back to overcoming your debts and achieving your financial goals. Our personal insolvency services allow you to determine your liquid and property assets and choose a path to paying or eliminating debt.

Personal insolvency often may involve the following problems:

  • Not Enough Liquid Assets – You may have plenty of assets to pay your debts, but they may be tied up in your resources, such as property and vehicles. The best course of action is to determine if any of your non-liquid assets which are not needed can be liquidated to pay your debts.
  • Not Enough Assets in Total – You may have been working diligently to pay your debts, but at the end of the day, you simply do not have enough in assets to cover the amount you owe. If this is the case, it may be beneficial to discuss your financial plan with us and determine how our personal insolvency services will help you get back on track.
  • Not Enough Cash Flow – Most of your monthly income may be going to secured creditor payments, including vehicle payments and mortgages, and not leaving enough to pay your other debt obligations. It may be time to reconsider your options and how a licensed insolvency trustee can help.

Personal insolvency does not have to mean the end of your livelihood or that you cannot be successful in the future. Additionally, we offer financial planning, so we can go through your personal budget and determine what happens next. If you have questions about our personal insolvency services or would like to schedule a consultation with one of our licensed insolvency trustees, please call us today. At Morgan & Partners Inc. our goal is to help you get back on track and achieve your goals.