Changing Habits

One expression I've heard a few times that I was reminded of today is "filing bankruptcy relieves you of your debt, it does not relieve you of your spending habits". It's certainly worth some thought. Filing a bankruptcy or a proposal can clear your debts and get you back on track, so it's important to maximize your chances of having a fresh start.

If you filed either a bankruptcy or consumer proposal, you'll be required to attend two counseling sessions with a qualified credit counselor. These sessions are provided for you under BIA (Bankruptcy & Insolvency Act) guidelines and have to be done with a qualified professional counselor that passed the CAIRP National Insolvency Counselors Qualification Course.

Here at Hoyes, Michalos & Associates in Cambridge, I'll help you to set up those appointments with either Glyn Bickford-Jones who works for Credit & Debt Services or Anthony Benedetto, who works for The Family Counseling Centre of Cambridge and North Dumfries or. Both are excellent counselors and highly experienced.

At the first session, they'll discuss money management, spending and shopping habits, warning signs of financial difficulties and, obtaining and using different types of credit. The second sessions expands on the first and also includes discussions on the causes of your insolvency and developing a future plan. At no extra charge, these sessions, we believe in very strongly are a vital part of the process of filing for personal bankruptcy or a consumer proposal.

The sessions with Anthony or Glyn are on an individual basis and they both take the time to ensure the sessions are valuable to you regardless of reasons that may have lead you to file a bankruptcy or proposal.

I believe that, not only are the sessions of great benefit to you, they form an essential part of the process of filing for a bankruptcy or proposal.

If you'd like to talk about credit counseling or ways to help reduce your debt load, call us at 519-622-3773 to set up an appointment to meet me, or email me your questions. We offer a free, no obligation consultation service.