Why we need bankruptcy trustees

I was spending some time with my two daughters at the weekend playing some games, doing some crafts… the usual things you’d expect to do with a 5 & 3 year old.

Sometime during the afternoon, I checked my lap-top to see if any new emails had come in.  Whilst on the computer my youngest asked if I was working and proceeded to climb on my knee. She asked if she could help – which I thought was very cute, so I said yes.  She then bashed away on the keyboard for a while and grinned like a Cheshire cat.  (I carefully made sure she did not hit the “send” button whilst the email program was open…).

I asked her if she wanted to be a bankruptcy trustee one day?  Of course she replied “Yes!”.   Might not be the most glamorous job in the world and yes… I know… she’s only 3, but for a moment I glowed with a spattering of pride.

For the rest of the afternoon she walked around saying “My daddy is a bankruptcy trustee!!!”, which sounds very cute when a 3 year old says it.

Then of course, shortly after came the “why?”…

Ever tried explaining to a 3 year old why the world needs bankruptcy trustees…?   After a few failed attempts at an explanation and some puzzled looks on her face I said “Daddy helps people that have spent too many coins”.   (It was the best I could do in the circumstances, but it worked), the smile was back on her face again and she ran off.  Again, I was grinning to myself over how cute it had all been.

Cash

About 5 minutes later, she came back in the room with two or three pretend plastic coins she has in her toy box and said “I want to help too daddy!”.   Enough to melt any daddies heart I think…

Time will tell to see if she follows in daddies footsteps and becomes a trustee herself, but I enjoyed the moment nonetheless.  I’m sure she’ll probably change her mind on her career ambitions a 100 times between now and adulthood.

“Helping people that have spent too many coins” is over simplifying it of course, but hey, she’s 3.   Interesting to look at it back though from the perspective of a 3 year old that’s obviously never heard of credit cards, overdrafts, pay day loans, credit lines, secured debts, unsecured debts etc, etc, etc… sometimes, we just need to keep it simple.

I offer a free consultation service in my Cambridge office, so if you’re looking for more information on needing a bankruptcy trustee, email or call me today at (519) 622 3733.

Howard has worked in our Cambridge office for many years helping Cambridge residents find solutions for debt problems. As a licensed trustee in bankruptcy Howard is able to explain all your options and find a solution that works for you.

Howard Hayes – who has written posts on Bankruptcy Cambridge: The Insider's View from Howard Hayes.


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