Archive for June, 2006

Does This Example Sound Like You?
Those extra hours you were counting on are gone. That regular bonus cheque has disappeared. Hours have been reduced on your shift. However you cut it, you are not taking home what you used to. You needed that extra bit to just get by. Now the bills are piling up. There just isn’t enough money to go around. What can you do?

What Can You Do?
The root of your problem may be in your monthly budget. Some people can fix it themselves, by either making more or spending less. If part of your problem is that you are only able to make your minimum monthly payments on your credit cards, you may be digging yourself into a hole which you will need professional help to get out of. If you want to find out what your options are, click here for more information.

Does This Example Sound Like You?
You own and operate your own business – things were great for the first couple of years, but lately sales have dropped off and in order to pay your suppliers you’ve let your payments to the government slide. Yesterday they froze your bank accounts. What can you do?

What Can You Do?
Solutions for self-employed people are always a bit more complicated. Depending on the legal structure of your business (sole proprietor, partnership or corporation) your approach may be quite different. Let’s say that you’re a sole proprietor and therefore you need the account unfrozen immediately. You have the option of filing bankruptcy or possibly a proposal to your creditors. The 2 questions you need to ask yourself are “do I want to stay in business?” and “am I making any money?” We strongly suggest you meet with a financial professional – for more information click here.