Do you need advice on how to deal with your debts? Have you found yourself facing a major financial crisis? Tired of making minimum payments that never seem to get you ahead?
The best place to get debt advice is from a Licensed Insolvency Trustee.
Why? In Canada there is only one type of professional that is officially recognized and endorsed by the government to help people with debt – a Licensed Insolvency Trustee (formerly known as a Bankruptcy Trustee).
How do I Get Debt Advice from a Licensed Insolvency Trustee?
The easiest way to get debt advice from a Licensed Insolvency Trustee is to simply set up a consultation in a local office near you. There is no need to get a referral to meet, and your consultation is absolutely free – all you need to do is call, or book online!
Learn more about what to expect from a debt consultation with a Licensed Insolvency Trustee:
What Happens During a Consultation with a Licensed Insolvency Trustee?
Generally speaking, the goal of an initial consultation with a Licensed Insolvency Trustee is to learn about the legal debt options that are available, assess which might be the best fit for your situation, and to build a plan to get yourself out of debt.
Normally the following will be discussed as part of your consultation:
Why You’re Here
- Do you have a specific issue we can help you with?
- Are there any particular financial goals you want to meet?
We’re here to help you with your debt in whatever way we can.
Assessing Your Situation
- Who do you owe money to, and around how much?
- Do you have income, if so, approximately how much?
- What are some of your regular household expenses?
- Do you own any assets, if so, what are they?
Could Your Debt Solution Be…
Depending on your situation, you could have multiple options to get out of debt – we’ll review several with you including:
- Negotiating with your creditors informally;
- Traditional debt consolidation;
- Consumer Proposals (one of the best ways to consolidate debt);
- Personal bankruptcy; and
- Credit counselling programs.
At the end of your consultation you’ll walk away with specific knowledge about the solution you choose, and a clear outline of your next steps.
3 Tips for Debt Consultations:
- Don’t Procrastinate
- It can be difficult for people to admit that they need help, so if you’ve overcome the hurdle of asking for help don’t delay in following through with your meeting.
- There’s no need to be embarrassed about asking for help. Believe us, we’ve heard it all – we’re here to help you, not to judge the circumstances that brought you to us.
- Meet in Person
- There’s so much important information to cover, you’ll want to ensure you’re setting aside enough time to go over everything – and avoid distractions while doing so.
- If you live somewhere remote, sometimes this will mean a consultation over the phone – but where possible, it’s always preferable to meet face-to-face.
- Getting professional debt help can feel uncomfortable for a lot of people; meeting in person helps you to feel confident and connect with your debt advisor.
- Ask all your questions!
- There’s no such thing as a silly question. Most people have little to no experience with the legalities of debt solutions. We’ll cover a lot of concepts during a debt consultation but if there’s something we didn’t touch on, don’t hesitate to ask.
Remember: You don’t need a referral to meet with a Licensed Insolvency Trustee, and it’s always free to do so!
- Congratulate Yourself for Taking a Big Step Forward
- The first step is almost always the hardest, so give yourself a pat on the back for making it happen!
Ready to get started? Meet with a qualified debt professional from Sands & Associates – book your free debt consultation now!
