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Danger Signs

For most of us, having to save or occasionally struggle to get your bills paid on time is a normal part of life. Struggling with a debt every month or everyday is not! There is a point where a financial struggle can become a crisis. Recognizing that and taking charge is half the battle. If you unsure how critical your financial situation is, and you need some help identifying if your situation is critical, you should ask yourself these questions:

  1. Are you losing sleep or is money or the lack of it the first thing you think about when you get up or the last thing you think about when you try to fall asleep?
  2. Are collection agencies or bill collectors calling you at home or at work?
  3. Are you struggling to make the minimum payments on your credit cards, or “Robbing Peter to Pay Paul”?
  4. Are you receiving overdue notices or demands for payment?
  5. Do you pay overdue interest and service charges on your bills because you can’t make your payments on time?
  6. Are you taking cash advances on your credit cards or borrowing money from family or friends to pay your regular monthly living expenses?
  7. Are you having to make arrangements with your creditors to catch up on missed payments?
  8. Are your wages being garnished or assets being seized?
  9. Are you spending more than 40% of your after tax earnings on your rent or mortgage, and utilities?

If you answered yes to one or more of these questions, they are a good indication that your financial situation has or is becoming critical enough for you to require some professional help, and in some cases, consider filing a bankruptcy.

Our bankruptcy and insolvency counsellors are federally licensed and available to help you sort things out. We understand what you are going through, and we encourage you to Call or Contact Us Today and request a FREE, NO OBLIGATION private consultation.