Bankruptcy London Trustee

Hi, I am Norma Yau, the trustee you meet when you make an appointment in the London office. I also have offices in Sarnia, Strathroy and Goderich so if they are more convenient, please arrange to meet me there.

I have been a trustee for 10 years as of June 2006. I started in this business early in 1990, so I have many years of experience and have met with many people who had financial difficulties. Although my experience is mainly in the London area, I worked for a large firm for most of my work history and I received exposure to many different types of files over the years.

Over the years I have received immense satisfaction in listening to the problems of the people who meet with me and coming up with a solution. I also think it is rewarding to have people understand how each process presented works. When someone is in financial trouble, they are stressed about a lot of things. Starting a personal bankruptcy or consumer proposal should not be another stressful event – you need the information that will allow you to make the right decision as to which process is the best and to be committed to completing that process.

The number of consumer filings in London since I became a trustee - this would include personal bankruptcies and consumer proposals - has grown each year until very recently. In the 1990s there were many companies which filed for bankruptcy and their employees often had to file as well as there were no other jobs available. This was especially true for the industrial companies that closed. The restructuring of several financial companies, including Canada Trust, also left employees with nowhere to go. With the coming of more computer and high tech jobs in recent years, and the growth of the call centre industry in London, there has been more availability of general clerical and technical jobs.

If you are experiencing financial difficulties and are not sure what you should be doing to help yourself, call the professionals at Hoyes, Michalos & Associates in London at 519-4351-500. Set up an appointment with myself and we will work through your situation to plan the best option available to you.