Avoiding Bankruptcy

We are often told by people calling for help that they are struggling or ashamed that they can not pay their debts and often go without and or their family goes without so they can make the monthly minimum on their credit card payments.  We always remind them that they have to take care of themselves and family first.

This means putting things into priority such as buying groceries for your family and paying for a roof over your head.

Don’t pay anyone else or do anything else with your money, unless these are taken care of first and do not struggle or feel ashamed of that.

★★★★★ My friend told me about YanchDey and that I could just call and speak to them.  After telling them my situation, they said I could avoid bankruptcy with a consumer proposal.  I saved about 20k on my debts, reduced the payments, and will be free and clear in 3 years.  Great Service, Highly recommend, Jack Davie Oshawa.

If you’re not using it, or you can live without it, sell it.

Books, furniture, tools, toys sell everything that you don’t need or use.  It maybe hard, but so is bankruptcy, take the cash and put it towards the bills.

Even selling small items can start to add up, if there is money owing on the item, take the cash, pay the debt if you can.

Many people use buy and sell sites like Kijiji to sell without fees and can even make money.

In trying to avoid bankruptcy many people feel if they cut out the frills and extras they can manage.

In some cases they cut out things like cable, some phone services and don’t go to restaurants or even buy coffee.

In doing so they learn to know the difference between what you what and what you need.

In many cases these changes are not enough and more serious help is needed.

Where you’re physically able, look for ways to increase your income.

For some this maybe find a second job or doing something at home that makes money.  An extra source of income can help with bills, but make sure that’s where it goes.  Many people have used this approach of a second job to get them ahead.

Many people think that they are alone when it comes to debt, but that’s not true.

The Government of Canada is concerned about helping people with debt issues, and have licensed insolvency trustees to give support, guidance and help to those struggling.

There is no cost to speak to myself or the other trustees at YanchDey.  Give us a call today, sometimes we all need a bit of help.

How to avoid bankruptcy? There are alternatives that can help you to avoid bankruptcy, helping you get out of debt and offer liability solutions like:

• Consumer Proposals
• Debt Consolidation
• Debt Counseling

Many times there are no costs to you, and collection calls and garnishees will be stopped. Whether a consumer proposal, counselling or debt consolidation, we can explain what the best options are to avoid filing for bankruptcy.

Call us today at 905‑721‑7506