Financial Difficulty Can Happen to Anyone

It is important to know that you are not alone and that there are solutions available.

Common Causes of Financial Difficulty

Some of the most common causes of financial difficulty that we come across are:

· Relationship breakdown (divorce, separation);

· Increased interest rates and high cost of living;

· Physical or mental health related issues;

· Job loss or inconsistent employment;

· Business failure, including non-compliance with CRA and failure to pay taxes;

· Assistance of family members;

· Scams or fraud;

· Litigation issues;

· Drug/alcohol addiction;

· Gambling.

Available Options

In terms of options available to you, it may be something as small as creating and using a budget. It could also mean looking into a consolidation loan. Many times, however, people need more formal options that can only be administered by a Licensed Insolvency Trustee, such as a consumer proposal or a bankruptcy.

Whatever the options available to you, our team will walk you through the process, answer your questions, and provide you with the information that you need to make a decision.

There is no obligation to proceed, and there is no fee for this initial consultation. It is meant to provide you with options, and you are in control of whether or not you wish to proceed.

No Judgment

If you are one of the many people that is struggling with debt, we encourage you to reach out. We understand that talking about your financial difficulty is hard, but oftentimes the hardest part is making that first call. We will meet with you in a non-judgmental, empathetic environment, so that you have the chance to tell your story.

Learning your options will give you the information you need to make a change in your life for the better, and not to allow your current financial circumstances define you.

You can turn the page on your debt and meet your financial goals as you move into the future.

If you are having trouble making ends meet each month, finding the right debt solution can help. Visit the BDO Debt Solutions website for more information about bankruptcy, or call 1 855 BDO DEBT to book a free, no obligation consultation.

Jasmin Brown is a Senior Vice President overseeing the insolvency practice in Saskatchewan. She is committed to providing creative and practical debt solutions with empathy, understanding and professionalism to help people overcome their financial difficulties.

by Jasmin Brown

Financial Difficulty Can Happen to Anyone

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