How To Survive The Holidays During Bankruptcy

holidays

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 and live in the Toronto area, call us at 416-498-9200 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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I cannot emphasize enough how thankful I am for Jackie Stanley's help with filing for bankruptcy.All of us dread being put in this position and we have a million questions about the process but trust me Jackie makes it so easy for you that you don't have to do anything yourself!She is very kind and friendly and puts you at ease right away. She emphasizes with you and let's you know it's not your fault.Most importantly when you leave that first meeting you will not believe the load that is taken off your shoulders. You can actually feel it!You are a godsend Jackie and I can't thank you enough!!I hope you are highly valued there as much as you are by me!
Sue Murray
18:45 05 Dec 21
Putting together and executing a Consumer Proposal can be daunting, that is unless you work with Cori Naron at David Sklar & Associates Inc. Cori's advice and support has been instrumental over the past five years. Thank you Cori!!
Barry Kuntz
20:37 01 Dec 21
I’m very happy with the services I received for Jackie Stanley who helped me get my finances in order. It was a quick and easy process & all of my questions were answered.
Amanda Frappier
01:18 19 Nov 21
I have had the privilege of being supported by Jackie at David Sklar Associate. She was very helpful, very professional and very friendly. She gave me the help I need. Thank you Jackie for your help.
Alex Taylor
22:03 17 Nov 21
Got my probe solved, great service
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17:02 11 Nov 21
Jackie at Daivid Sklar and Associates is such a pleasure to work with. She explained everything in great detail and is always there when I have a question or concern. She really cares about her clients.
Steve Medica
09:33 10 Nov 21
I filed a proposal with another group, which came in as a referral from one of my brokers. My experience went from ok to bad to worse, due to lack of communication and education on the process I was to embark on. I worked with Cori Naron in the past, and I came to her now for help on literally doing the work that the other group should have done. Cori stepped in, educated me, advised on rights, responsibilities, how the process works and what potential outcomes may happen. I do not have enough words of recognition and gratitude for what she did - she alleviated stress, anxiety, dead-end thoughts and she made me live again. Congrats to DSklar for hiring her and retaining such talent.
Giani Kokolakis
18:45 25 Oct 21
Very professional service. Before contacting David Sklar & Associates i contacted bunch of other firms they seemed fishy. After I spoke with Jason Sklar at Hamilton Office I discovered professionalism with hope. I was explained every step of my situation with solution professionally. Thank you David Sklar & Associates.
Wajay Awan
07:29 12 Oct 21
I met David a few months ago and i am glad I did. He has helped me all the way through my bankruptcy with good advice and explained every step of the process. David is a very down to earth and very professional. Anytime I've had a question I was able to reach out to David by phone or email and he always got back to me. If your struggling with your bills and need a way to get help, I strongly recommend David Sklar &Associates to help you. My experience with them on 1-5scale would be a 5;; My life is so much better now, thanks to David Sklar.
Bruce Locke
16:13 08 Oct 21
I have had the privilege of being supported by Jackie S, at David Sklar n Associate.She was helpful, professional and friendly. I was able to get the help I needed at a difficult time in my life. I would recommend anyone who needs support with working out their debts to ask for Jackie, she will be waiting to assist however she can to help you through your debts. She works with a team who is always ready and responsive.Thank you Jackie and your team:)
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15:17 09 Sep 21
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