Examples of Personal Bankruptcy

Bankruptcy Examples – Personal Bankruptcy

I kept putting off the call expecting the worst and the personal stigma so overwhelming that I delayed it for months.

How we Avoided Bankruptcy

It was 2016 when I found myself facing a possible bankruptcy.  I could not believe this was happening to me.

The reasons for my financial difficulties was a combination of my spouse continuously being laid off at work in the Oshawa auto industry and the fact that I did not file my taxes.

As I had always been able to manage my finances, I procrastinated in hopes that a miracle would happen, but it didn’t.

I kept putting off the call to a trustee expecting the worst and the personal stigma.

I thought of prospect of going bankrupt was so overwhelming that I delayed it for months.

How Bankruptcy Works
How Bankruptcy Removes Debt Forever!

We Made the Call to Debt Freedom!

When I finally got up the nerve to call someone, I couldn’t believe the compassion and all the information I received in that wonderful phone call.

Suddenly the shame and fear diminished and I set up an appointment right away to speak with the trustee.

During my appointment, the trustee went over my options in detail and in a manner that was very easy to understand.

The trustee explained that bankruptcy was not my only option and maybe a consumer proposal could benefit me as well.

I left the trustees office with a new sense of hope. That first phone call to the trustee was one of the most important calls I have ever made.

I wished I made it months sooner which would have saved me a lot of anxiety and sleepless nights.

That first phone call to the trustee was one of the most important calls I have ever made. I wished I made it months sooner which would have saved me a lot of anxiety and sleepless nights.

Our Debt Solution

Once I had all the information together with the trustee we picked the solution that a consumer proposal was the way for me.

In that initial meeting the trustee established a monthly payment that I could afford, and she advised me that all interest would stop.

In the first month I was already feeling that the financial burden has been lifted, my physical and mental health immediately improved.

I was able to take back my life and get total control of my finances. As the months and years past, the stigma that I thought went hand-in-hand with financial crisis was not even a second thought, I felt so good about myself and my situation!

Living Debt Free

Since then I have started re-establish my credit.

I started out by receiving a credit card with a very small limit.

I’ve gradually rebuild my credit by ensuring that I would only make small purchases so that I could pay off the entire balance when it became due.

I have since purchased my own home and I am well on the way to financial recovery.

Please don’t delay in making that first called like I did.

There are options out there and I would not be where I am today without the help of YanchDey.

The compassion and professionalism I received from their staff helped me make one of the most important decisions of my life.

J. St. G., Oshawa

Speak to a Insolvency and Bankruptcy Trustee Today

At Yanch, Dey & Associates Ltd., we want to sit down with you and work to understand your financial issues in the GTA.

Our Licensed Insolvency Trustee will listen to you in a non-judgmental atmosphere and provide you with our advice on how to move forward.

You are not alone in this process and every year thousands of people just like you file for personal bankruptcy in Ontario, and Yanch, Dey & Associates Ltd. are the Licensed Insolvency Trustee that can help you.