What happens at my first meeting with Hoyes Michalos?

Many people I meet with for the first time make the same comment: “I was afraid to make the first call, and I’m really nervous about this meeting.”  I don’t think people are afraid of me; I’m a nice guy.  People are afraid of the unknown.  If you have never had debt problems before, meeting with a bankruptcy firm can be intimidating.

So what happens at that first meeting?  Will we scold you, and tell you not to spend so much?

No, we are not here to judge you.  We are here to do a debt assessment and explain your options.  

A debt assessment starts by asking you three questions:

  1. Who do you owe money to?
  2. What assets do you own?
  3. How much do you earn and what do you spend every month?

With this information we can look at some debt relief options and help you develop a plan to become debt free.

That plan may not even involve filing bankruptcy. In some cases a consumer proposal may be a better than a bankruptcy and in other cases you may not have to file with us at all. That’s OK, we’ll still give you a plan about what to do next.

Our commercials say “Debt Free in 30”, and that’s what we mean: give us 30 minutes to review your situation and explain your options, and then you can decide what options are best for you. 

I mentioned it in the video, and I’ll emphasize the point again: when you meet with us, you will be meeting with a professional, not a “salesman” or a “clerk”.  We have 19 trustees in our firm, so in most cases your first meeting will be with a trustee, but even if you meet with one of our other accredited credit counsellors you will be meeting with an experienced professional and you always meet with a trustee before you file. 

Is it really possible to explain your options in 30 minutes? Yes, it is although if you want us to spend more time with you, that’s fine too.  We’ll take as long as you need and are happy to book a repeat consultation if that’s what’s best for you.  Many people want to go home and review these option with their spouse or family member.  No problem, we never pressure you to make a decision that day if you want to think about it.

Do you need to bring a list of your debts, a recent paystub, or a list of what it costs you to live each month, and details on any assets you own? No although it does help make sure we have a complete picture.  Don’t worry, our team knows what to look for so we can assess your unique situation, and explain all of your options.  If we need more information down the road, that’s something we’ll work together with you to achieve.

So really, it’s a pretty simple process.

That’s why we say Debt Free in 30.  It works, so let’s get started.

Similar Posts:

  1. Debt Free in 30 – It’s That Simple
  2. Is Bankruptcy the Right Thing to Do?
  3. What Do I Need To Disclose To My Bankruptcy Trustee?
  4. Why I Won’t Judge You
  5. Pick the Right Bankruptcy Trustee By Asking These 5 Questions

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