Financial Counselling in Canada
When Industry Canada (the Office of the Superintendent of Bankruptcy) noted a rise in repeat consumer debtor bankruptcies, the Bankruptcy and Insolvency Act (BIA) was amended in November 1992 to address the issue. The amendment introduced mandatory counselling for consumer debtors. Whether taking part in a consumer proposal or consumer bankruptcy, debtors are required to attend a minimum of two financial counselling sessions with a BIA qualified counsellor.
What to Discuss with Your BIA Qualified Counsellor
While speaking with a BIA qualified counsellor, you may discuss money management issues, spending and shopping habits, warning signs of financial problems, and how to obtain and use credit wisely. Your BIA counsellor will also take the time to identify the non-budgetary causes of bankruptcy like behaviour regarding financial and consumption habits. Counselling will also help you discover resources that can help maintain economic stability.
Custom-Designed Counselling Program
For credit and debt counselling, turn to Salyzyn & Associates Limited. Our BIA certified insolvency counsellors can design a counselling program that specifically addresses your individual financial challenges. Our firm has offices in Dartmouth, Bedford, Kentville, and Enfield (non-resident), serving Greater Halifax, the Annapolis Valley, and Nova Scotia. Call today to book your free initial consultation.
Debt Management & Counselling Resources
Find below a list of resources created by Salyzyn & Associates Limited that can help you with our debt management. If you have booked an appointment with Salyzyn & Associates Limited, you can also find a list of forms to download and fill out for your initial consultation. Call us with any questions.
Understanding & Rebuilding Credit