Amanda: Personal Bankruptcy at 21

Table of Contents

Amanda: Bankruptcy – An Early Lesson

At 18, Amanda (not her real name) began a common-law relationship with Derek (not his real name) which resulted in an estrangement from her family.

By the time she was 20, Amanda was beginning to understand what her parents had been objecting to. Always a hard worker, Amanda held down two jobs to keep her and Derek afloat. At Derek’s urging, Amanda took out unsecured bank loans and credit cards in her name.

Dealing with Job Loss & Unsecured Debt

Then, in one dreadful week, Amanda lost both her jobs. Unable to find new work, she could not even make minimum payments on her outstanding debts. A tsunami of collection calls and notices began pouring in from six different credit card companies and two separate banks. With over $40,000 of unsecured debt in her name, it felt as if her phone never stopped ringing. The calls did not bother Derek, but they bothered Amanda.

Shortly after losing her jobs, Amanda discovered she was pregnant, her relationship with Derek ended, and she was left alone to face the shambles her finances and life had become.

~~~ ~~~

Moving Forward & Reaching Out

At the urging of a friend, Amanda booked a free consultation with David Sklar & Associates, to see what could be done with her finances. She reviewed her current situation and her options with her Estate Administrator, Rhoda Lewis. After careful consideration, it was clear that filing for Bankruptcy would be her best option.

Amanda had managed to find a part-time job that barely covered her living costs. With penalties and interest charges, she now had an unsecured debt load of over $44,000. The burden of her debt, and the unrelenting collection action she had faced during the previous months, was taking its toll on her health.

Rhoda encouraged Amanda to put the well-being of her unborn child first, and to reach out to her parents for help.

With Derek gone, Amanda’s parents were more than willing to welcome her and their soon-to-be grandchild into their lives. They stepped in and paid the monthly Bankruptcy fees to remove the debt from their daughter’s shoulders. They also helped to make sure that Amanda got the pre-natal care she needed.

Because Amanda had no surplus income, she qualified for a 9 month Bankruptcy. Two months into her Bankruptcy, she gave birth to a healthy baby girl. Four months into her Bankruptcy, Amanda was able to take a part time job, which led into full time employment. Note: Even with her full time job, Amanda did not earn enough to have surplus income, so her Bankruptcy period remained the same.

During her Bankruptcy, Amanda was required to submit completed budget forms every month to DSAI. She was also required to attend two credit counselling sessions. Each time she visited DSAI, it was obvious that she was re-gaining her strength and self-confidence.

At her second credit counselling session, Amanda announced that she was going to college in the fall to become a Dental Hygienist. She reviewed the careful plans and budget she had set up to achieve that goal with Rhoda. She also explained, that her Mother had offered to take care of the baby while she was at college. As hard as the last few years had been, Amanda felt that she was closer to her parents, and more optimistic about her future than she ever thought possible.

After Bankruptcy – A New Career & A Fresh Start

Amanda successfully completed her Bankruptcy and was released from her unsecured debt load. She then went to college and completed her training as a Dental Hygienist. Shortly after graduating, she found a job in her chosen field. Using her ‘fresh start’ to build a brighter future for herself and her daughter was the focus of Amanda’s much-improved life.

To protect our client’s privacy, aspects of this case study have been altered.

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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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.❤️🙏🏻
Jasmine Joseph
22:08 13 Jan 23
Met up with Mr. Jason Sklar to discuss more in person, very thorough and clear. He is very kind and thoughtful, I will be referring anyone with the same situation to David Sklar & Associates.
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02:33 29 Dec 22
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kevin mcweeney
01:13 22 Dec 22
The team at David Sklar & Associates is fantastic.I worked with Jerry whom not only made - what seemed like intimidating process to initiate at first - comfortable.He made everything transparent and took the time to explain the process every step of the way.He was kind, attentive, and professional. Everything was made straightforward and stress free and we found a solution together that worked.Thanks to Jerry and the team.
Jordie Angiolillo
18:22 21 Dec 22
From day one till the end which is today😁 DavidSklar gave me a 5star service and treatment. And I will 100% recommend him and his Associates. This is the best Christmas present ever! Thank you David! More business to come! Merry Christmas and a Happy New Year!!!
barbee diaz
16:37 16 Dec 22
I FOUND DAVID SKLAR & ASSOCIATES BY GOOGLING "BANKRUPTCY" (EARLY NOV. 2021). ON NOV.4, 2021 I HAD A MEETING WITH CORI NARON AT HER OFFICE AT ST CLAIR ANDBATHURST. HER POSITIVE APPROACH TURNED ASTRESSFUL SITUATION INTO A STEP BY STEP UNDERSTANDABLE PROCESSON SEPT. 23, 2022 I OBTAINED MY AUTOMATICDISCHARGE FROM BANKRUPTCY AND MY CERTIFICATE OFDISCHARGE.THANK YOU CORIBRUCE BURGESS
bruce burg
21:35 02 Dec 22
Jerry was wonderful and provided superb service. He is very knowledgeable, trustworthy, and made an intimidating and shame filled time in my life stress free. I hesitated for a long time to take the next step, but Jerry answered all questions, was patient and made the process effortless. I am eternally grateful, and highly recommend Jerry’s services.
M J
18:41 01 Dec 22
Jerry was professional and was easy to deal with
Debbie Asquith
00:09 29 Nov 22
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
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