Perry Krieger & AssociatesThere is no simple answer to when insolvency reaches a point of no return. The causes of personal insolvency can be anything from overused credit facilities, a change in personal situation such as a shift in employment or family structure, or a number of complex problems such as gambling and self-esteem.
It is crucial to recognize financial troubles before the burden of your debts grows too far. If any of the following scenarios are familiar to you, then your debt problems need to be managed.
- You are always borrowing money to make ends meet from one payday to the next
- You pay only interest or services charges each month meeting only the minimum payments without significantly reducing the amount of your debts
- Utility companies cut off your service because of outstanding bills
- Creditors harass you for payment or hire a collection agency to recover their money for them.
- You receive threats of being sued
- Your furniture, car, or other assets are reposessed
- You continually go over your spending limit or use your credit cards as a necessity rather than a convenience
- Arguments about money are increasingly common in your household
We believe that it is important for you to gain all of the information and research your options regarding personal bankruptcy and potential alternatives. Call us today to schedule an initial consultation at no charge with one of our Trustees at one of our more than 15 locations across Southern Ontario. We can help you make a fresh start.
A Trustee in Bankruptcy will meet with you to assess your financial situation and provide you with your available options. We will provide comprehensive answers to your questions and explain the processes in detail, outlining a plan to recover from your financial burden.