Who do we help?

Thursday, January 4, 2018 - 00:03

Consumer Proposals, Bankruptcy, Asset Concerns, Government Debt


There is no clear pattern for how people find themselves in financial difficulty. It can happen suddenly through injury or illness, separation or divorce, or it can be due to not knowing how to manage your finances effectively.

Whatever the reason, the important thing now is to find out what options are available to you to deal with financial trouble you now find yourself in.

At Welker & Associates we have helped people in many different situations find a solution that suits their needs. Some of the people we help include:

Divorced or Separated Families
Going through a divorce or separation takes an emotional toll but it can also have a significant impact on your finances.

Not only can divorce be an expensive process, but the expenses that come with moving from a double income household to a single household income is a struggle in itself. Often times this can lead to a reliance on credit to help make ends meet. 

Graduates and Students
Accumulated debts due to education costs add pressure to a new graduate attempting to obtain an entry-level career. It’s very common for student loan debt to take its financial toll and lead to bankruptcy.

The good news is, if your student loan debt is over 7 years old, you may be eligible to have your loan discharged through bankruptcy. Find out more here.

High-income Households
People with high incomes regularly find themselves in financial difficulty by over-spending, not budgeting effectively, or alternatively they have a sales job and income is based on commission, creating an intermittent and sometimes undependable cash flow.  

Individuals with Addictions
Addictive behaviours are crippling and take control of a significant portion of your life; finances are often one of them. Your gambling problem, substance abuse issue, or other addictive behaviours may be having a detrimental impact on your finances.

It is important that while you are getting the help you need to deal with these behaviours, you are also regaining control by dealing with your financial difficulties. 

Senior Citizens
Often Old Age Security and CCP Payments are not enough to maintain financial obligations such as debt payments along with personal living expenses. With a fixed income, and an increasing cost of living, a common default is to rely on credit by taking out extra loans or additional credit, or by borrowing from family or friends to try to stay afloat.

If you find yourself in any of these situations, or in a situation not mentioned here, contact our office today for a free, no-obligation consultation. We will review your situation and come up with a solution that best suits your situation. 

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