Address
111 Waterloo Street, Suite 310
London, ON N6B 2M4

I don’t want to go bankrupt

August 7, 2020

We hear that from almost every person we meet – “I don’t want to go bankrupt”.  Let’s face it no one wants to go bankrupt it is not a part of anyone’s life plan: “I’ll get an education, get married, have kids, become involved in my community, buy a house, invest for retirement, go bankrupt” …  No one thinks that way.  Sure, some people arrive at the conclusion that bankruptcy is the best or only option for them to resolve their debt problems, but people are mostly optimistic – they hang on hoping for a better job, higher incomes even lottery winnings.

Hanging on too long can have sometimes negative consequences – consolidating debt into mortgages can block other opportunities such as making a proposal with the equity in real property.  Similarly, people will often self-liquidate – cashing out RRSPs, pensions and insurance policies that they could keep if they filed a bankruptcy.  Don’t wait for the inevitable – make an appointment today, get proper, informed, advice, make the best decision you can for you and your family.

Call the office at 519-646-2222 for a free telephone consultation to review all of your options, before bankruptcy becomes unavoidable.