Facts & Information Page:
Mckay & Company Ltd. - Canada

Canadian Money Advisor Rank

Product Names

Product Name


Consolidation Loan

Consumer Proposal

Bankruptcy

COMPANY CONTACT INFORMATION:

Mckay & Company Ltd.
#1100 1177 W Hastings St
Vancouver, BC V6E 2K3
Website:http://www.mackayco.ca/

Customer Service Phone: 604-689-3928
Customer Service Fax:604-687-5617
Contact's Phone:(604) 689-3928
COMPANY INFORMATION AND BIOGRAPHY:


MacKay & Company Ltd. is the Insolvency division of MacKay LLP Chartered Accountants. Mackay.ca is the trademark of The MacKay Group Inc. there office is located in Vancouver. It offers services all over B.C. and other areas as well. The company has consultant and is monitor under the Companies' Creditors Arrangement Act. They are consultants of both creditors and debtors in every corporate recovery and insolvency problems. They are also Trustees of commercial and consumer bankruptcy estates under the Bankruptcy and Insolvency Act. The company is also willing to help in making Trustee of proposals for commercial and consumer to creditors under the Bankruptcy and Insolvency Act.



Aside from that, Receiver and Receiver-Manager are appointed under either court or private appointment. They have an agent for secured lender. With forensic accounting and litigation support, they are expert in giving this kind of service. Other engagements would consist of Judicial Trustee appointed by the Court, and Liquidator appointed under the Company Act. Each file is administered under the supervision of a Trustee. MacKay Co. do its job with their clients be taught to develop their own file strategy and to allow on reporting and billing requirements at the start of the engagement.


Product Name Product Description
Consolidation Loan


A Consumer Proposal Is A Method Under The Bankruptcy And Insolvency Act In Which You Are Advised To Pay Off Your Creditors Something Less Than 100 Cents On The Dollar, Possibly As Little As 20 Cents On The Dollar. You Will Not Need To Pay Any Interest. If The Majority Of The Creditors Accept Your Proposal, It Will Be Binding To Each Of Your Creditors. The Basis For Accepting Your Proposal Having Something Less That 100 Cents On The Dollar Is That The Only Remaining Alternative Will Be Have A Bankruptcy In Which They May Get Even Less Amount Of The Debt. A Consumer Proposal Is Only For Debtors Who Have Debts, Limited From The Mortgage On Their Principal Residence, Less Than $250,000.

Consumer Proposal


A Consumer Proposal Is A Method Under The Bankruptcy And Insolvency Act In Which You Are Advised To Pay Off Your Creditors Something Less Than 100 Cents On The Dollar, Possibly As Little As 20 Cents On The Dollar. You Will Not Need To Pay Any Interest. If The Majority Of The Creditors Accept Your Proposal, It Will Be Binding To Each Of Your Creditors. The Basis For Accepting Your Proposal Having Something Less That 100 Cents On The Dollar Is That The Only Remaining Alternative Will Be Have A Bankruptcy In Which They May Get Even Less Amount Of The Debt. A Consumer Proposal Is Only For Debtors Who Have Debts, Limited From The Mortgage On Their Principal Residence, Less Than $250,000.

Bankruptcy


Bankruptcy Is Normally The Last Option. Once You Say That You Are Insolvent And You Cannot Make A Proposal Of Any Kind Then Bankruptcy Is Available For You. In A Bankruptcy, You Allocate Your Remaining Assets To Normal Living Requirements To The Trustee For Your Creditors To Have. If You Have Any Surplus Then You Do Not Give Up Any Assets. Creditors Should Deal With The Trustee. They Will No Longer Deal With You. You Are Obliged To Pay The Surplus Income To The Trustee For Your Creditors To Divide. This Will Continue Until You Get Your Discharge From Bankruptcy Generally In 9 To 21 Months. However, There Are Times That It Is Much Longer.