The Covid 19 virus has changed our world in more ways than we can measure. The aspects of change have been physical, relational, emotional, and financial. Never in our lifetime or that of our grandparents have we experienced the current chaos we are in. This is unchartered territory.
Our world around us changes daily. We are constantly adjusting to a new norm. There is so much uncertainty about where we will be or what our world will look like even a few months down the road.
For those hit by the disease, there are the physical symptoms they must fight through. For the rest of us, we have changed our physical spaces by working at home, self-isolating, and self-distancing. We have changed our physical habits by sanitizing, washing, washing, and washing. A simple trip to the grocery store must be carefully planned. The physically vulnerable must get in early to avoid the crowds. Everyone is eying one another as though one slip up will be the end of us all. There’s pressure to limit the trips and buy enough to last.
For those struggling financially, that may not be an option.
Relationally, we no longer socialize. Getting together with friends for a drink and letting off a little steam is no longer an option. Loneliness is everywhere. The attempts at levity on social media just mask the true pressures people are under. Sure there are the check-in calls, but the discussion always seems to center around the virus.
Talking to someone about the financial pressure you are under may seem out of place.
Then there are the front line workers — out there daily risking themselves and their family of getting this disease. Long hours of exhausting work while they carry their cares and concerns.
Many carrying on with no time to deal with the financial pressures they are under.
If we have been unfortunate enough to know someone who has been hit critically with the disease, the scars run deep. Hearing of the suffering of both the patient and those close to them. Proper funeral service is not even an option. While most of us have not been physically affected by the disease, the repercussions many suffer can be devastating in other ways.
Struggling financially at this time can be an additional burden many are unable to handle.
Large companies are shutting down. Small businesses are permanently closing. Many lay-offs. Government efforts to boost the economy seem to be helping some, but not all. There is much promise that things will get better. The rate of unemployment is unprecedented. Everyone is applying for the few jobs available. Yet for many, their financial devastation goes unnoticed.
When disasters hit, the media is front and center recording it all. They show pictures from the hospital of one struggling with the worst-hit case. They interview the politicians trying to offer hope. The front line workers are cheered for their heroic efforts. Then they leave when the real work starts – that of picking up the pieces of the lives shattered by the devastation. This work goes on unnoticed. The rebuilding can take years. Our world will get through this, we always do.
When our world has been turned upside down, financial problems can seem small in comparison.
Small to the onlooker, but not to the one going through it.
Financial struggles are real and should not be minimized. Financial trouble should not be buried under the mass hysteria going on around us. Financial difficulties affect us physically, relationally, and emotionally. When someone is struggling with all of these issues at the same time as a Covid outbreak, the struggle is amplified.
There is help.
A Licensed Insolvency Trustee (LIT) understands what you are going through. They appreciate that financial difficulties are not insignificant because of the Covid outbreak, but are intensified by it. They are available to talk to about the difficulties you are encountering. They have extensive knowledge and experience in dealing with financial problems.
They recognize that people struggling with financial difficulties while wading through this COVID-19 crisis are hidden casualties.
The government has put forth all types of programs and resources to help people get through this. Bankruptcy and Proposals under the Bankruptcy & Insolvency Act, are a couple of these tools. – tools intended to lighten the financial burden and get you back on your feet.
A Licensed Insolvency Trustee is available to walk you through your financial difficulties during these trying times. They are aware of all the assistance out there to help you get through this. They can explain each of these options in detail and tailor them to your situation. They may help you negotiate a settlement with your creditors at an affordable rate. In some situations, they can assist in wiping out the debt altogether and starting over.
A Licensed Insolvency Trustee understands that you do not want to lose your home or your vehicle and will work with you to keep those.
When you call L. C. Taylor & Co. Ltd., we will listen without judgement. We will gather the facts, to point you to helpful solutions. We will not charge you for the consultation because we understand the strain you are already encountering. We will assist in lifting the financial burden so that you can manage more effectively the changing world around you.
One day this will be behind us. The COVID-19 Crisis will be part of our history books and stories we tell our grandchildren. By seeking professional financial help now, you will hasten recovery from your financial situation, putting you in a much stronger position to help those around you to pick up the pieces.
Bonnie Hooley, LIT
