How To Survive The Holidays During Bankruptcy

holidays

Table of Contents

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. 

Share This!

I was quite nervous and a little embarrassed that I needed financial advice. I met with Jerry Janiec and he was very helpful. He made me feel comfortable and explained everything in easy to understand terms so that I understood what my options were. I would recommend David Sklar & Associates for anyone in my position.
Melissa Blackburn
19:53 17 Nov 22
I was fortunate enough to be referred to David Sklar & Associates Inc. by a family member. Now in the10th month of a Consumer Proposal process, I am very impressed with the organization, professionalism and impeccable customer representation that I have experienced. To this effect, I amparticularly thankful to Jerry Janiec and Rhoda Lewis for their excellent work.
Suzanna Vaclavik
12:21 16 Nov 22
Recently dealt with Christine at David Sklar & Assoc. and worked out a Consumer Proposal to put forth to my creditors for my Credit Card debt. She was very courteous, professional and put me at ease with a proposal that I can afford on a monthly basis, which will eliminate my debit in a reasonable timeframe. I would recommend Christine and this firm in a heartbeat. Very happy with the service and attention I got !!
Patrick Kovanchak
01:59 15 Nov 22
Excellent customer service. Special thanks to Olga for being prompt and helpful. She’s a star. Bibi is helpful as well. Great agency to work with.
Fady Tadros
19:28 14 Nov 22
After seeing your commercial play on CP24, I realized that it addressed all the questions and concerns I had about my financial situation. It all started with my one phone call to your office. I had the extreme pleasure of working with Cori Naron at your St. Clair West office in September 2022. She took the time to explain what my options were knowing that it was a very stressful situation with my debt load. She made me feel at ease with my decision to file a consumer proposal and outlined the benefits to me. She is thorough and her attention to detail is outstanding. While it takes a little while to reap the benefits of making this hard decision, she took the time to reassure me that it was in my best financial interest. Well done David Sklar & Associates for having such an amazing representative at your company and for allowing me to "get a fresh start"!
David
14:31 14 Nov 22
Very highly perfection individual, well executed and greatly knowledgeable in his work, which guided me me the right decisions making opportunities. Thank you.Sincerely, Peter Romasz
Peter Romasz
20:18 13 Nov 22
Trina Powell was very helpful and made the process very easy. Thanks again for all your help.
Jennifer Hager
17:59 06 Nov 22
Jerry is a caring, trustful, knowledgeable and competent Sklar associate. He understood my needs and quickly went to work on my behalf. Ever indebted to David Sklar and Associates and especially to Jerry for his professionalism and caring approach.
David Craig
19:31 31 Oct 22
Jerry Janiec is very knowledgeable and very helpful everything he explained to me was straightforward and very easy to understand. I'm very pleased to be working with Jerry to become debt free. I will definitely be recommending to any friends or colleagues your services.Thank you again for helping me get on the road to be debt free. 5 Stars is well deserved.
Christopher Rakobowchuk
17:41 27 Oct 22
Hi there! I am very glad to met this company, especially Jackie Stanley. Thanks for her great work and help me to save my money! Very appreciable!
Mehri Agil
02:43 26 Oct 22
DS david skalr icon

Book your free consultation.

Call 1-844-962-9200 or fill out the form below.

We know this is stressful, but you’re not alone. It’s going to be okay. 
Book your free consultation today. We’ll do the rest.

Contact Us