A column by Margaret H. Johnson ACE, RQIC, a thought leader in the field of credit education and money management.
Bankruptcy Information
Proposals and Bankruptcy
What it all means
Coming to terms with financial insolvency is emotionally draining for people and the stress can be overwhelming. Constant calls from creditors/collectors at home and even at work can cause sleepless nights. It can harm relationships and affect a person’s performance at work.
OPD's demise
Highly valued debtors program to be greatly missed
Doug and Sue are faced with a financial crisis and are determined to do what ever it takes to gain control over their debts.
They want to pay their creditors and are in my office exploring their financial options. The couple has heard of a program called Orderly Payment of Debts (OPD) and want to know how it can be of help to them.
Unfortunately, the OPD program has become a recent victim of B.C. government cuts, ceasing operations as of April 30.
Debtors' options
Proposals possible, but bankruptcy sometimes only solution
Doug and Sue are typical of those who seek assistance with their financial problems. Many like Doug and Sue never imagined they would one time need the services of a credit counsellor.
Bankruptcy beckons
Doug and Sue's worst fears confirmed
There are different degrees of over-indebtedness, just as there are many reasons for getting into debt. Some people are unable to repay their debts because of income interruption, unforeseen large expenses, personal difficulties or poor money management.
Remember, if you are experiencing financial difficulties do not wait. Speak to a professional today!
Margaret H. Johnson ACE. RQIC is president of Solutions Credit Counselling Service Inc. offering 100% confidential and unbiased credit counseling, debt consolidation and credit education services. She can be reached by e-mail at This email address is being protected from spambots. You need JavaScript enabled to view it. or call toll-free in Canada - 1.877.588.9491.
If you are a woman in debt, speak with Women and Money first. We specialize in helping women with their personal and business finance. Money management advice you can count on!
