Residents of Winnipeg and surrounding areas of Manitoba experiencing financial difficulties can book a free consultation with these bankruptcy experts by calling them at (204) 926-2471.
There is no single cause of bankruptcy but, judging by the questions that people have asked on this site, it does appear that there are three leading causes of bankruptcy in Winnipeg, Manitoba:
Job loss or reduced income. Losing your job can have a significant impact on your ability to make monthly payments. If you have recently lost your job the best thing you can do to improve your financial situation is to reduce expenses as quickly as possible. Saving up extra funds may help you avoid bankruptcy.
Marriage separation or divorce. Close to one third of all people who file for personal bankruptcy in Canada are either separated or divorced. Separation or divorce can be difficult as you suddenly find yourself in a single income situation, and there is no one to share the monthly costs with. With increased expenses you could find yourself having to file for bankruptcy.
Medical Problems. Financial problems are often result of medical problems; however, Canadians are lucky to have most medical expenses paid for by the government. Most of the time medical problems only cause financial difficulty if a person is forced to leave work due to an illness or injury. Even with medical insurance it will still likely be difficult to make debt payments.
If you have found yourself in one of the above situations, and if you think that bankruptcy might be your only option, please contact our Winnipeg bankruptcy trustee office immediately and set up an initial, free of charge consultation. Our bankruptcy trustees in Winnipeg will help you come up with the best solution for your situation.
