Help, I Need a Rescue From Debt!
Stuck in a financial quagmire and feeling like you’re drowning in debt? You’re not alone. Every day, we assist numerous individuals who echo these sentiments, desperate for a lifeline. If you’re saying to yourself, “I need my debt rescue,” you’ve come to the right place.
Life in Debt: A Common Tale
“Debt has been my constant companion for as long as I can recall. Raising my kids as a single parent, I used multiple credit cards to pay for their needs. Now, I’ve fallen behind on all my payments, and debt collectors are hounding me daily. I don’t see a way out.”
“I’m stuck. I earn decently from my job in the oil fields, but I’m overextended on my credit cards. I even took a payday loan to cover my truck payment. Debt collection agencies are threatening to garnish my wages. I need help!”
Sound familiar? If you’re experiencing financial difficulties and feeling overwhelmed by your debt, it’s time to seek professional assistance.
Recognizing a Genuine Debt Issue
Recognizing when you need professional help to manage your debt is crucial. It’s often challenging to determine when it’s necessary to seek external help with your finances and when it’s best to manage things independently.
However, if you find yourself facing the following situations, it may be time to consider professional debt assistance:
- You fail to clear your credit card balances each month.
- You’ve had checks bounce due to insufficient funds.
- You’ve had cards declined while attempting to make purchases.
- You’re falling behind on utility bill payments, and service providers are threatening to disconnect services.
- Creditors are harassing and threatening you.
- Your wages are being garnished.
- You’re constantly exceeding your overdraft limit.
- You’ve borrowed money from relatives or friends.
- You’ve taken payday loans to make it to your next paycheque.
- Your monthly debt payments surpass 20% of your net income.
I Need My Debt Rescue: Your Lifeline
If you identify with any of the situations above, you’re likely thinking, “I need my debt rescue.” At Bankruptcy Canada, we aim to educate individuals about the various options available to those facing financial difficulties.
Our team of Licensed Insolvency Trustees is here to help you escape the debt trap and maintain your financial stability. With over 30 years of experience and offices across Canada, we offer a comprehensive range of services, including credit counselling, Consumer Proposals, and bankruptcy advice.
The Bankruptcy Canada Approach
When you consult with us, we conduct a thorough review of your financial situation. We’ll consider who your creditors are, what assets you possess, and your family circumstances and needs. Based on this information, we’ll explain your possible options.
The earlier you consult us, the more solutions will be accessible. If addressed early, debt can often be managed through improved budgeting or a consolidation loan. However, if you’re already facing wage garnishment or utility disconnection, a Consumer Proposal or Bankruptcy might be the only solutions. These are the only two options that bind all your unsecured creditors and offer protection against debt collection practices like wage garnishment. Only a Licensed Insolvency Trustee, such as ourselves, can administer a Consumer Proposal or Bankruptcy.
Upon your decision to file a Consumer Proposal or Bankruptcy, we’ll prepare the necessary documents, file them with the government, and notify your creditors. They can then provide us with the exact amounts owed, file a claim, and cease collection efforts.
Our Mission
Our mission is to find the most suitable solution for your financial situation. Finding a debt solution is a collaborative effort, and we’re excited to work with you to resolve your financial struggles. We’re eager to hear you say, “I finally have my debt rescue!”
