The Toll Bankruptcy Takes on People Mentally, Physically and Emotionally

Toll bankruptcy takes on PeopleThe toll bankruptcy takes on people mentally, physically and emotionally

People often ignore difficult problems. Debt is not a problem that can be ignored. Debt doesn’t just take a toll on your finances. It can lead to illness; marital problems, work-related problems, and other consequences.

Bankruptcy Canada has provided the following symptoms of debt problems:

  • Are you making only minimum payments on you credit cards?
  • Are you struggling to pay your monthly debts on time?
  • Are you using your overdraft most months?
  • Are you using credit because you don’t have the money for everyday expenses?
  • Do arguments about money cause problems in your family?
  • Are you charging more each month than you pay on credit?
  • Are your credit cards, line of credit or overdraft overdrawn?
  • Are credit collectors calling you?
  • Are you considering consolidating your debts?

Need Help Reviewing Your Financial Situation?
Contact a Licensed Trustee for a Free Debt Relief Evaluation

Call 877-879-4770


Toll Bankruptcy Takes on People – Stress

Stress shows itself in many ways – sleepless nights, reluctance to answer the phone for fear it’s a bill collector, and constant worry.

Toll Bankruptcy Takes on People – Anger

This phenomenon is called Debt-Anger Syndrome.

Instead of facing reality, debtors get angry. They are angry at their creditors who phone them for payment; angry at their employer for not paying them more; angry at their spouses for not understanding; angry at their kids for needing new clothes; and angry at themselves for getting into this situation.

Toll Bankruptcy Takes on People – Depression

People deny, stress out and lash out in anger over debt. After they work through those stages, the bills are still there waiting for a solution. That’s when depression sets in.

Hopelessness sets in, and low self-esteem. This can lead to even more debt, because debtors commonly go on shopping sprees to cheer themselves up.

Toll Bankruptcy Takes on People – Relief

The good news about debt and depression is that the solution is simple and straight forward.

You just need to get control of your debt. It is difficult to do, but it can be done if you get a plan and stick to it.

The mere act of starting to get control of your debt is a positive first step. If your debt is too great to get control of on your own a Licensed Insolvency Trustee can offer cost effective ways for you to get a fresh financial start.

Need Help Reviewing Your Financial Situation?
Contact a Licensed Trustee for a Free Debt Relief Evaluation

Call 877-879-4770


Worries about debt keeping you up at night? We understand what you are up against better than anyone.  Click or call 1-877-879-4770 (24/7) to talk to a trustee and start feeling better.

Information on Consumer Proposals

Consumer Proposals in Canada – An Alternative to Bankruptcy
What is a Consumer Proposal?
How to Amend a Consumer Proposal
What are the Benefits of a Consumer Proposal?
What are the Steps in a Proposal?
Consumer Proposal Eligibility
What Debts Are Erased in a Consumer Proposal?
Is There Life After a Proposal?

Canadian Bankruptcies

How to File for Bankruptcy
What is Bankruptcy?
Bankruptcy FAQs
How Does Bankruptcy Work?
What is the Cost of Bankruptcy in Canada?
How to Rebuild Credit Following Bankruptcy
Personal Bankruptcy in Canada
What Debts are Erased in Bankruptcy?

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