What Does This Cost? To start, do NOT be afraid of GEM Debt Law’s fees for Debt Settlement Services. In this article, we will explain why a person in debt should be motivated to hire GEM Debt Law. Our fees are structured in such a way that our clients save lots of money. In fact, our fee structure is designed to make it mathematically impossible to overpay. So, even after you pay all the Debt Settlements we negotiated on your behalf, as well as pay our invoice, you can still walk away having saved lots of money. Possibly, saving thousands of dollars. We prove this to be true, every da ..read more

When faced with overwhelming debt, it’s important to explore all available options for debt resolution. One such option is working with Debt Settlement Lawyers, who are often misunderstood due to misconceptions and lack of information. In this blog post, we aim to shed light on the misconceptions of Debt Settlement Lawyers and provide you with an informative guide to making a better-informed decision about your financial future and perhaps choosing Debt Settlement. Misconception 1: Filing a Consumer Proposal or Bankruptcy is Similar to Working with Debt Settlement Lawyers Many individuals ..read more

While Bankruptcy can provide relief for those facing overwhelming debt, it is important to dispel the myth of the ‘Easy’ Bankruptcy. For many people, especially those who own a house, car, and have a stable career, Bankruptcy may not be the best solution. In this blog post, we will look at the impact of declaring Bankruptcy, and address why it may not be the right choice for everyone. If you declare Bankruptcy what happens to your house? If you own a house, filing for Bankruptcy may have significant repercussions. While Bankruptcy laws can differ depending on the province you live in, oft ..read more

There are key differences between Licensed Insolvency Trustees (LITs) and Debt Settlement Lawyers that are important to consider when deciding who to approach to help resolve a debt. In Canada, Licensed Insolvency Trustees (LITs) facilitate a Consumer Proposal and Bankruptcy. But, consider the following questions below about LITs. You may not know that there are other options available for debt relief. Where does loyalty lie? Licensed Insolvency Trustees (LITs) have a duty to all stakeholders in an insolvency proceeding, including: the creditors (i.e., the banks and lending companies), the ..read more

GEM Debt Law operates as a law firm dedicated to protecting debtors from financial ruin. We strive to significantly reduce your debt load, by utilizing lawful negotiation strategies against your creditors. Let’s take a look at Licensed Insolvency Trustees and what you need to know. Owning a home is a dream come true for many Canadians. However, with rising housing costs and economic uncertainty, many homeowners find themselves struggling with debt. In this blog post, we will explore the reasons why Canadian homeowners fall into debt, what to avoid to prevent falling behind on debt, and the i ..read more

GEM Debt Law operates as a law firm dedicated to protecting debtors from financial ruin. We strive to significantly reduce your debt load, by utilizing lawful negotiation strategies against your creditors. Let’s take a look at Licensed Insolvency Trustees and what you need to know. Bankruptcy can be a tempting option for those struggling with debt. It’s important to understand that filing for Bankruptcy comes with certain consequences, especially when it comes to your life and career. One of the biggest impacts of Bankruptcy on your career is the difficulty in obtaining certain types of lic ..read more

GEM Debt Law operates as a law firm dedicated to protecting debtors from financial ruin. We strive to significantly reduce your debt load, by utilizing lawful negotiation strategies against your creditors. Let’s take a look at Licensed Insolvency Trustees and what you need to know. Licensed Insolvency Trustees aren’t free. They get 20% of what you pay in the proposal. The more you pay, the more money the Trustee makes. Question whether you are paying too much in your proposal, or if you should be in consumer proposal in the first place. We can tell you the right answer first, so you won’t r ..read more

George Doufexis, Director of Operations at GEM Debt Law was interviewed and quoted in a Global News article. “How higher home equity could help Canadians deal with high-interest debt: mortgage broker”. “By accessing some of your available equity, you turn credit cards and loans that are destroying your credit around and close it off for less money,” he says. “That makes it easier to repay down the line, but the alternative is people going bankrupt. Or losing their homes. Or getting into a hole that they’ll never get out of.” – George Doufexis, Director of Operations at GEM Debt Law in Richmo ..read more

Read Part 1: The Misunderstood Truths About Consumer Proposal And Trustees Table of Contents Do Trustees make more money from higher Consumer Proposals? About GEM Debt Law GEM’s fees for Debt Settlement Why talk to GEM Debt Law, BEFORE you talk to a Trustee?  What are Your Best Interests Do Trustees make more money from higher Consumer Proposals? Short Answer: Yes. FYI, we are not Licensed Insolvency Trustees. About GEM Debt Law: We are a very affordable Law Firm (more about our discount fees below); We offer Debt Resolution services; We Represent You, the indebted ..read more