For more than 20 years, Bill had run a successful Toronto tree care business, doing tree removals, pruning, planting and much more. His finances fell into the rhythm of the growing season. In the spring, the work would flood in and then taper off into the summer and fall.
In the winter, during his downtime, Bill would use credit cards to finance advertising, equipment purchases, insurance payments and personal expenses. He would depend on the work coming in the following spring to pay things off and get him ahead in the game. . . . Read the full blog post I wrote for Richard Killen & Associates.
The fear is eating away your stomach lining. You can’t sleep. You can’t concentrate. You feel like a failure in the eyes of the world.
The envelopes of the unopened bills have changed to new ominous colours. The days you could juggle minimum payments between credit cards is coming to an end as you reach your limits.
You stop answering the phone calls for fear of bill collectors . . . and then the phone stops working altogether.
Many people come to Toronto bankruptcy trustees gripped by the worst fear of their lives. They are looking at the end of their world, and who could be complacent in the face of that?
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