If I meet with you does that mean I filed for bankruptcy?
A lot of people are worried when they come to meet with me that it means they have to file for bankruptcy - they will have no choice.
Meeting for an initial appointment with a trustee means you should be able to discuss your situation with that person, get an idea of what options are available and more specifically what options are available to you in your situation and finally information on how the options will affect you. In no circumstances should you sign or feel you are being forced to sign anything at that first meeting.
At Hoyes Michalos when you call for an appointment you will actually talk to someone a little bit about your situation during that first call. They will either refer you to another agency or person for help, or set up an appointment with the office closest to you. They will ask you to bring in some information to assist in that first meeting.
At the meeting, some of the options discussed will be:
- waiting for the right time to do something about your situation
- consolidation of your debts and who can help you with that
- debt management plans with credit counselling agencies
- options such as personal bankruptcy and consumer proposal under the Bankruptcy and Insolvency Act
- borrowing money from other sources
- selling assets
- reducing expenses
- any other ideas that might work to help your financial situation.
Sometimes the answer to your financial problem is very clear and you will know what your next steps are going to be. Sometimes you need to do more research or obtain more information before the final decision can be made.
Whatever your situation is, contact us to make that first initial appointment to dicuss it. We will provide you with information you need to make your choice of the best option or get you started on the way to making it.
