Examples of bankruptcy and consumer proposal success stories and how we helped.
Like many people Kevin (not his real name) never budgeted. Now divorced he found himself in over his head financially. Kevin and his now ex-spouse divorced 4 years ago. They share custody of three kids.... Read more »
No matter how careful, or how many plans we make, sometimes life just doesn’t co-operate. Here is an example, based on a client we helped in Windsor Ontario who, despite her best efforts, found herself... Read more »
It his month’s case study we look at John and Ann (not their real names), an Oshawa couple who finally admitted to themselves that they couldn’t keep up with their lifestyle choices any longer. The last thing... Read more »
It’s not always common knowledge that personal bankruptcy or a consumer proposal can deal with tax debts that arise in the course of operating a small business. Here is one case study from our London... Read more »
Norma (not her real name) was struggling to get by on her pension. As often happens, she ended up using credit to help makes ends meet. Eventually she was ashamed to find that she had accumulated $12,000 in... Read more »
It may surprise you to learn that 1 in 5 bankruptcies and consumer proposals in Canada are caused by health care issues. Despite public health care like OHIP, the secondary associated costs of an illness... Read more »
Whether it’s because you work under contract or your business has announced some closures, being concerned about the security of your job is stressful. Combine that with extra credit card debts and you worry about whether... Read more »
Five years ago I met with two sisters. I will call them Betty and Jane, although those are not their real names. What is interesting about this case study is the fact that both sisters... Read more »
Maternity leaves and job layoffs led to debt. Debt led to marital stress and ultimately, for Patty and Al, separation. While they were managing to maintain an amicable divorce, they needed to deal with their joint debts.... Read more »
Michael and Christine (not their real names) were a young Windsor couple experiencing cash flow problems. Mortgage payments, car loan payments, a bank loan to finish their basement and some over-used credit cards were using up most... Read more »
Howard and Sheryl lived the dream life. They both earned good incomes from their careers as lawyers in downtown Toronto, lived in a nice home in North York and have 2 bright children who are... Read more »
Sometimes it helps to learn from others experiences. It can also be a relief to know that you are not alone in your struggles to deal with debt problems. Today we would like to tell you... Read more »
It’s one thing to suffer the indignities of old age; it’s another to have to do so inside the cloud of a late-in-life return to being single. So-called “grey divorce” is a somewhat unflattering term... Read more »
This is a guest post from an actual person who filed for bankruptcy. We hope it gives you a sense of hope that bankruptcy truly is a fresh start. Sophie’s Personal Bankruptcy Story My name... Read more »
When I first met with Steve and Beth (not their real names) more than two years ago, they were in a real quandary. They were quick to acknowledge that they were not great at handling... Read more »
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