Tag / toronto bankruptcy

by peter

Money Doesn’t Grow on Trees

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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.

by peter

Serenity After Trial

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“I thought the process was going to be hideous, humiliating and shameful,” Karen recalls of her bankruptcy more than a decade ago. “I was terrified when I went to see Richard Killen. I was in tears as I walked into his office.”

Karen’s story of battling debt is a familiar one. She had decided to make a brave midlife career change from working as a bartender. Finding employment in a Toronto health food store, she made the decision to go back to school to get certified as holistic nutritionist. . . . Read the blog post I wrote for Richard Killen & Associates, showing how their trustee services helped a woman cope with one of the most difficult trials of her life.

by peter

Bankruptcy: The Road to Recovery

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It was a perfect storm of personal and professional misfortunes.

Bryan was a successful independent marketing communications consultant, well respected in the business with a good network of friends. But in his late 50s he discovered that he had adult attention deficit disorder (ADD), with a host of problems, ranging from an inability to focus to poor organization skills and depression. After years of laboured compensation for the symptoms, he felt the copying structure he had carefully built begin to fall apart.

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by peter

Surviving the End of the World

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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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