For many people with financial difficulties it is still possible to rectify their financial situation without having recourse to the Bankruptcy & Insolvency Act.
More often than not, they simply need to review their personal or family budget and reassess their financial priorities. With determination and good will, these people manage by themselves to turn things around and regain control of their finances.
Often they will benefit from the advice of the trustee to find the right tools and even be directed to the appropriate resources to assist them in their endeavors.
A very good resource on this subject in Quebec are the Associations coopératives d’économie familiale (ACEF), which can provide adequate and inexpensive support.
We also encourage you to use a budgeting and personal finance software such as the one offered by BudgetExpress.
Get a free evaluation of your situation
Because every case is unique and that the problems can be numerous and complex, a free professional assessment of your situation and is necessary to determine the choices available to you and discuss their implications.