A single mother afraid to ask for help - How We Helped

Sunday, April 23, 2017 - 20:54

Consumer Proposals

Sue recently met with a woman in London who was in need of help. She was a single mother and was struggling to even purchase the basic necessities for her children. As a result, her bank account wasn’t just suffering, but her mental health was starting to suffer. Life was stressful and she didn’t know where to turn. She found it difficult to ask for help because she was worried that if she looked into all of her options, she still wouldn’t be able to get out of debt. When she finally broke down and set up an appointment with Sue, she knew she had done the right thing.  

After her initial, no-obligation consultation with Sue, she couldn’t believe she had finally found help. Sue reviewed all debt-settlement options with her and together they agreed that a consumer proposal was the best option for her. A consumer proposal is a formal debt settlement option legislated under the Bankruptcy and Insolvency Act and filed with a Licensed Insolvency Trustee. By making a consumer proposal, she was able to compromise (pay a portion acceptable to her creditors and herself) her total debt.

She was surprised at how quickly Sue was able to help her and how quickly her life was changed. She no longer has to stress about her debt as her monthly payments are now affordable.

If you are struggling and don’t know where to turn, contact one of our Licensed Insolvency Trustees for a free, no-obligation consultation today.