How To Survive The Holidays During Bankruptcy

holidays

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Are you considering bankruptcy? With the holidays approaching, many people wonder if they should wait until after the holidays to file for bankruptcy. Going through the bankruptcy process can make the holidays even more stressful than they already are. On the one hand, you may want to put it off until the New Year. On the other hand, the longer you wait, the fewer options you may have, such as filing for a consumer proposal instead.

The bankruptcy trustees, now known as Licensed Insolvency Trustees, on the David Sklar and Associates team can help answer your questions. Here are some of the things you should be aware of about going through bankruptcy during the holidays.

#1 Travelling for the Holidays

Whether it’s to visit family or join your family on a vacation, travel is a common part of the holidays. One thing you should be aware if you file for bankruptcy before the holidays is that you have to be available to your bankruptcy trustee. However, if your travel does not interfere with this, it won’t be an issue. You also won’t have access to any credit cards, so it may be difficult to book a plane ticket. Find out more bankruptcy information like this from your bankruptcy trustee.

#2 Budget for the Holidays

Even if you aren’t currently going through the bankruptcy process, budgeting for the holidays is the most responsible way to get through the season without breaking the bank. A smart financial plan can help you enjoy the holidays stress-free. Money is one of the leading causes of stress over the holidays. Planning out your budget within your means in advance can relieve that stress and leave you free to enjoy time with your family.

#3 Do Secret Santa

Gifts are one of the most expensive parts of the holidays. Instead of buying a gift for everyone in your family, do a Secret Santa, especially if your kids are grown up now. That way everyone is only responsible for buying one gift. Not only will you save money, but everyone else will as well.

#4 Share Cooking Responsibilities

Grocery bills can spiral out of control during the holidays. If your family spreads out the responsibilities for both shopping and cooking, everyone can save time and money.

#5 Use a Secured Credit Card

Rebuilding your credit rating is an important part of recovering from bankruptcy. When you take credit counselling with David Sklar and Associates, rebuilding your credit is something we focus on. One easy way to get started is with a secured credit card. With this type of credit card, you make a deposit on the credit card before borrowing.

Don’t wait before looking for personal bankruptcy services if you need them. There may be other options available to you now that won’t be down the line, including consumer proposals. The insolvency process doesn’t have to hang over your head during the holidays. Talk to a bankruptcy trustee who cares about your success and can help you rebuild your life.

Are You Considering Bankruptcy?

With the holidays approaching, many people wonder if they should wait until after the holidays to file for bankruptcy. Going through the bankruptcy process can make the holidays even more stressful than they already are. On the one hand, you may want to put it off until the New Year. On the other hand, the longer you wait, the fewer options you may have, such as filing for a consumer proposal instead.

The bankruptcy trustees, now known as Licensed Insolvency Trustees, on the David Sklar and Associates team can help answer your questions. Here are some of the things you should be aware of about going through bankruptcy during the holidays.

Take Your First Step Towards A Debt Free Life

If you are overwhelmed by debt, call us at 1-844-962-9200 to book a FREE, confidential appointment. We will review your financial situation in detail and discuss all of your options with you. Alternatively, you can fill out the form below and our team will reach out to you. 

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Melissa MacKenzie
12:35 29 Mar 23
I would like to thank the team at David Sklar and associates inc. for all the time and effort they put in to support this process for me. This topic can be challenging to disclose but a big thank you to Christine for going above and beyond in guiding me through all my options and supporting me through the decisions. I cannot recommend this group enough , as they have shown me compassion , knowledge , and understanding throughout the entire process. I look forward to the next step of this process and learning how the proper way of becoming financially educated through the support of their financial counselling team. For anyone who is struggling , just know that there is a wonderful group of educated professionals at David Sklar who are available to help!
Michelle Plouffe
18:45 14 Mar 23
It took me awhile to get up the courage to contact David Sklar but I’m so glad I did. Trina walked through my options with me and provided the knowledge I needed to make a decision to help turn my financial situation around. She is patient and empathetic and answered any and every question that I had. Trina provided me the reassurance I needed that I was making the best decisions for me and my family. I’m so happy that I reached out and now have a plan to get back on track.
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19:59 12 Mar 23
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15:26 12 Mar 23
Christine was very helpful, kind, and understanding. She explained everything thoroughly, answered any questions I had, and was responsive to any concerns I had. 100% would recommend
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17:29 08 Mar 23
Jackie Stanley is excellent she took the time to explain everything to me and I am so grateful to her for giving me a fresh financial start so if you have any doubts don’t and go see her if you want to achieve financial freedom!
Heather Helfield
21:24 06 Mar 23
Amazing friendly staff that knows what they are going. They make a difficult situation not so bad. Would give 10 stars if I could.
alie Balan
22:37 25 Feb 23
Very helpful and kind and gave me all the available options before helping me decide which one was best for me. I would definitely recommend Jackie
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01:01 21 Feb 23
Great experience i was in financial trouble and someone of my friends recommended this company. Cori is a wonderful and welcoming person she did a very good job and came up with a smooth and flexible monthly payment after the reduction. i highly recommend this company. Thank you David sklar and special thanks to Cori.❤️🙏🏻
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22:08 13 Jan 23
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02:33 29 Dec 22
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