Credit Counselling

There are two counselling sessions that everyone who files for bankruptcy or a consumer proposal must attend.

The sessions are held at the Trustee’s office.  The meeting is with the Trustee or one of the insolvency counsellors.

During the meeting we will discuss:

• budgeting,
• spending habits,
• financial goals, and
• credit use amongst other things.

Prior to attending for these there is an online module for you to read and complete to prepare before the meeting.

If you do not have access to a computer or are more comfortable viewing the online materials with the Trustee, we are happy to do that with you when you attend for the counselling session.

Counselling for consumer debt was introduced years ago to assist in educating debtors on money management.

Very few of us were provided with any education on money and debt, the education system seems to have missed this.

As insolvency trustees we know that in Canada some individuals file more than one bankruptcy or proposal over their lifetime. Credit counselling was introduced to try to provide all the tools possible to debtors to be financially successful once they get that fresh start they are looking for.

We understand that many people finding themselves in financial difficulty do in fact have good money management skills.

Unfortunately sometimes life throws us lemons in a job loss, marital breakdown, business failure, illness or other misfortune. These events resulted for some to seek an insolvency solution.

Many people may not feel they need to learn or update themselves about:

• budgeting and spending
• setting new financial goals, and
• future credit

It never hurts to have a refresher or reminder if it will help you be successful in the future.

Give us a call today and let’s talk about about being debt free.