Build Back Better – what do we mean?
What exactly does the term “build back better” mean? Building back has everything to do with what happens after a collapse – it is not about continuing to build, or strengthen what already exists, it is about rebuilding after some catastrophic event. In our case we are referencing the filing of an insolvency proceeding.
People file proposals or bankruptcies following some triggering event(s) – usually such as a marital breakdown, an illness or death in the family, an income disruption such as a business failure or job loss.
Building back better, in the context of consumer insolvencies, involves re-establishing your credit rating and becoming an economically contributing member of society after going through personal financial hardship. It means taking the right steps to get your financial life back in balance, including having access to credit, understanding how, and when, to use it, as well as how to avoid getting back into a pickle in the future.
We provide all of our clients with the tools they need to succeed including written and electronic worksheets and materials that can be used to plan and strategize rebuilding their financial lives.
For your free consultation call: 519-646-2222