Bankruptcy Brantford Ontario: Considering Bankruptcy? Brantford Ontario Trustees Can Help!

Posted on Thursday, June 05, 2008

Brantford Casino Strike and Bankruptcy in Brantford

Most people are not surprised when I tell them that the casino in Brantford is a significant source of work for my personal bankruptcy practice here in Brantford, Ontario. What is surprising to everyone is that it is rare for me to meet with someone who lost a lot of money gambling at the casino in Brantford. Most of my work comes from people who are employees at the casino.

The job market has been tough in Brantford over the last few years (you can read my post about the increase in the bankruptcy rate in Brantford last year). One of the few places that has been hiring over the last few years is the OLG Casino in Brantford. Here's a common scenario:

A Brantford resident is out of work, so they apply for a job at the casino. By the time they are hired they have fallen behind on their debts, so to prevent their wages from being garnisheed they file a consumer proposal or bankruptcy in Brantford to deal with their debts. (If you are not working you have no wages for creditors to garnishee, so most people wait until they return to work to go bankrupt).

The strike at the casino has caused problems for many of the employees at the casino. I met with one person who was going to go bankrupt, but has delayed the filing until the strike is over. I am working with other debtors who work at the casino and are either in a proposal or a bankruptcy who are now having a tough time making ends meet without their regular paycheque (strike pay is only $180 per week).

On behalf of the many employees at the casino that I work with every month, I hope for their sake the strike is settled soon and they can get back to work.

If you work at the casino, or if your hours have been cut back at work and you are now feeling financial pressure, I encourage you to call my office in Brantford at 519-770-4440, or e-mail me to set up a free initial consultation to review your situation and help you decide which options will best help you deal with your debts and get a fresh start.

Labels: bankruptcy Brantford, consumer proposal Brantford

Posted on Wednesday, March 26, 2008

Debt Problems in Brant County

Over the lunch hour today I was invited to speak to a group of employees at the Brant County Health Unit here in Brantford. Many large employers often hold “lunch and learn” sessions where guest speakers discuss topical issues. Even if we are not experiencing financial problems ourselves, we often know others who have money problems, so I was asked to discuss strategies for dealing with debt problems.

I started by describing the typical person I help here in Brantford. I explained that often bad things happen to good people, and as a result of job loss, marriage break up, medical condition, or bad money management people use credit to survive and end up with more debt than they can handle.

We then talked about solutions to debt problems, including personal budgeting, debt consolidation, credit counselling, consumer proposals, and bankruptcy.

The group then had lots of questions about different ways to deal with debt, and they also had many questions about credit reports.

Regarding credit reports, I recommended getting a free copy of your credit report each year to ensure that all information is correct. (You can get a free copy from the Equifax web site).

I closed by reminding everyone that financial problems occur frequently, so if you know of anyone experiencing debt problems, help is available by calling my office in Brantford at 519-770-4440, or e-mailing me to set up a free initial consultation.

Labels: bankruptcy Brantford

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Posted on Thursday, June 05, 2008

Brantford Casino Strike and Bankruptcy in Brantford

Posted on Wednesday, March 26, 2008

Debt Problems in Brant County