Skip to Content

Wendy’s Column

Providing hope to Canadians in debt, by sharing my experience.

WendyMy name is Wendy and I completed my consumer proposal in 2013 (Wendy’s Story). At the time, despite what I thought of as good financial awareness, my bills just got ahead of me. Before long, I was using lower interest account credit cards to pay off higher ones and that type of thing, and I realized I was in trouble. I saw a Trustee and filed a consumer proposal.  It was the best decision I could have made.

My goal is to help provide hope to Canadians in debt by sharing my experience, and advice as a consumer – and also to help eliminate the stigma and embarrassment surrounding people who file a consumer proposal or bankruptcy.

Finally, if you’re looking for help, and plain old optimism just isn’t helping anymore, you should contact a Trustee. There’s no risk in seeing one.

Welcome to my column!

Most Recent ‘Wendy’s Column’ Posts

Who Is a Good Candidate for Consumer Proposal?
Who Is a Good Candidate for Consumer Proposal?

You’ve been struggling with your finances for many months, but things are not getting easier. You’re losing sleep while you worry about your situation. You’re embarrassed to tell anyone at home or at work. You’re afraid Bankruptcy may be next! You are in good company. Over a million Canadians have experienced insolvency and filed for […]

After-Christmas Debt
After-Christmas Debt

We’ve all been there – the shopping craze of December, looking for those perfect last few gifts, making sure there is enough food in the house for your holiday guests, decorating your home inside and out. As if paying for these things weren’t enough, there are hidden expenses as well. Shopping can take time out […]

Financial Warning Signs
Financial Warning Signs

Many individuals and families these days are dealing with tight financial conditions. It’s not uncommon. You may have been making financial maneuvers for many months just to get by. But, how do you know when you may be headed for more than just a tight budget? What are the warning signs that you are seriously […]

Loosing or keeping furniture in a bankruptcy?
Loosing or keeping furniture in a bankruptcy?

Nan and Richard had to tighten their budget after Richard lost his job in management. He’d been searching for a few months for a new position, but interviews had gotten him nowhere. Nan still had her job, but their income had taken a hit. A reduced budget was not the greatest of their concerns, however. […]

So worried, cannot sleep
So worried, cannot sleep

Do your financial concerns keep you up at night? That’s not good, but it’s increasingly common. My own monetary worries kept me from sleeping, too, until I saw a Trustee in early 2009. Anyone losing sleep because of worry and dread can tell you – it erodes your health, both mental and physical. Ironically, one […]

Can I be forced into bankruptcy
Can I be forced into bankruptcy

The answer is no! A Trustee’s role is to provide you with information on your options, and assist with the process IF you decide to go ahead with Bankruptcy or Consumer Proposal. The Trustee cannot “declare you Bankrupt.” It’s a common misconception that Bankruptcy is something that can automatically “happen” or be imposed upon you, […]

In early 2009, I realized that my personal finances were going downhill. Although I considered myself a responsible person, and I had always paid my bills on time, it was now very difficult to make ends meet. I had no disposable income, and I skimped and tried to economize ... but the recession had set [...]
Most people know that if they become insolvent - that is, their cash flow decreases so that they can no longer meet their financial obligations - their assets will be at risk. For many consumers, their most valued asset is their home. Fears about loss of a home frequently cause people to delay facing their [...]
Consumer proposals vs bankruptcy
Consumer proposals vs bankruptcy In 2009, when I realized I could no longer maintain my bill payments, many things went through my head. I thought I might be heading for Bankruptcy. Then, via the Bankruptcy-Canada.ca website, I also learned about Consumer Proposals. At first, I naturally didn't know which route I would take. During that uncertain time, one worry kept cropping [...]
Options To Gain Control Of Your Debt
Options To Gain Control Of Your Debt Sounds Too Good to Be True! You've been having trouble paying your credit card bills for a while, and things are not getting better. You begin to worry that you may eventually go bankrupt - something you never imagined could happen. Then a friend tells you that there is an option called Consumer Proposal, where [...]
Back to top
Navigation