Coping with Financial Difficulty in Edmonton
It is hard to imagine a more stressful event than the first moment a person faces the reality that they do not have enough money to pay their bills this month. In these troubled times, more and more Canadians confront that reality and realize the coming months may not be any better.
Coping with that kind of financial difficulty in Edmonton is not easy. Some residents try to work things out on their own. Others begin to borrow on their credit cards or look to relatives for financial help.
If you are facing financial difficulty in Edmonton, do not be embarrassed to seek professional help. You are not alone. In 2010, almost 100,000 Canadians decided their best option for coping with their financial difficulties was to declare personal bankruptcy.
There are good reasons to avoid bankruptcy, but how do you know what they are? How do you know what solution is best for you? Are you searching the Internet right now for answers? Are you aware of the different kinds of debt consultants you can find in the debt solution market?
Some Canadians have never even heard of a licensed bankruptcy trustee. Many others who have read a little about trustees mistakenly assume the only thing we do is manage personal and business bankruptcies.
The fact is licensed bankruptcy trustees are the most well-qualified and reputable debt consultants available. We are licensed by the federal government. The licensing process includes an extensive series of educational courses and licensing exams. In addition, we must pass an RCMP (Royal Canadian Mounted Police) background check. The federal Office of the Superintendent of Bankruptcy also requires ongoing continuing education and monitors the way we do business.
Licensed bankruptcy trustees are fully knowledgeable of all debt solution alternatives, not just bankruptcy. What’s more, the federal Bankruptcy and Insolvency Act of Canada (BIA) requires that we offer anyone who walks in our door counseling on all available debt solution options.
In short, the law requires us to make sure you understand all methods available for coping with your financial difficulty in Edmonton. An initial consultation is free of charge. We will help you assess the details of your present financial circumstances and based on that evaluation we will help you select the best solution. The federal government sets our fees, so unlike some other providers you will know exactly what a solution will cost you before you begin.
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