We all, throughout our lifetimes, experience stressful and difficult situations. Loss of employment, marriage breakup or the death of a relative or friend can be traumatic experiences. The grieving process, grief counselling or just the passage of time often helps to lessen these traumas.
Being deep in financial difficulty is often just as serious a trauma. It is a trauma that is not going to go away by itself even with the passage of time. How do you recover from such a trauma?
Educated debtors make the best decisions. It clearly stands to reason that if you explore the options and find out as much as you can about how the system works – what can the collection agents do and how can you stop them – you are likely to make better decisions as to which path to follow to get you out of the difficult times. The internet can be a great place to get information. Or course, sometimes the amount of information is overwhelming, and sometimes you aren’t sure you can trust everything you read on the internet, but it can still be a good place to start. It may very well help you to identify what questions you need to be asking.
While the legal terms of creditor/debtor legislation can be difficult to understand, usually, taking this information and talking to a licensed Trustee, such as ourselves, can fill in the gaps and answer your specific questions. It is important to have a full understanding of all of the options available to you, including budgeting, consolidation, reorganizations, proposals and bankruptcy. To be well educated on the subject, you need to do your research and ask the right questions of the right people.
We are ready to help you move forward. Call us today.