Top Reasons People File for Bankruptcy

#1 – Mismanagement of Money

Many Canadians go bankrupt from overuse and misuse of credit cards. Overspending can spell disaster for

your finances.

#2- Health Problems

Unpaid time off from work, having to change jobs due to health restrictions,

and medical expenses can create a serious money crunch.

#3 - Divorce

Serious relationship problems often mean a significant loss of income, or

the stress of paying for two households. Many Canadians are not

prepared to live with less income.

#4 – Unexpected Crisis

A job loss, reduction in hours, car or home expense, or other unexpected

crisis can cause people to seek bankruptcy.

So what can we do?

Be aware. Avoid similar problems. Stop overspending, start a budget and have emergency savings.

In Manitoba or Ontario visit LCTaylor.com

Trustees are available to answer your questions at ourWinnipeg and Kenora locations.

Call us now to schedule your free consultation.