After my car accident, I couldn't work. My debts were mounting, and I didn't know what to do.
Helen came to us after she was involved in a car accident which left her unable to work. She had $37,530 of debts she had accrued using credit cards and loans when she was unable to work. She owned her home, but there was no equity in it. Helen had resumed working and had an income of approximately $3,000 per month, which she felt was sufficient to pay her debts, but the creditors were not giving her the time she needed to get her finances in order to start making payments. They were demanding payment in full on most of her debts and there were several collectors involved.
After we had performed a thorough review of her situation, she decided to do a consumer proposal. This gave her immediate protection from her creditors, but still allowed her to pay back a portion of her debt.