. . . . . . .
4 Pillars
Your subscription could not be saved. Please try again.
Your subscription has been successful.

Join our Debt Boot Camp

Get 10 short email lessons on debt consolidation, consumer proposals, and bankruptcy 101. It's free and written for Canadians. Not your usual advice.

Bankruptcy Trustees: Know your friends

By Robert Osborne

Bankruptcy Trustees: Know your friends

There’s an old saying that you don’t really know who your friends are until you need them. When you’re experiencing financial difficulties it’s easy to see who your real friends are… they’re the ones still taking your calls! Now these friends will want to help, offering sage advice on how to get out of debt. Some of them may even bring up Bankruptcy as a way to wipe the slate clean and start over. However well meaning your friends may be they’re not financial experts. And the cost of bankruptcy is a lot higher than most people realize.

Friend or Foe

The Bankruptcy Trustee you contact seems friendly. But as they reinforce everything you dreaded about this moment, the shame, the humiliation, self-doubt and failure, suddenly the process becomes very daunting. In fact, if you think about it, they’re not working for you, they are mandated to represent your creditors.

Buddy, can you spare a dime?  

So why doesn’t the trustee want to be your friend? The simple fact is there is a conflict, the Trustees work for your creditors. It’s their job to ensure your creditors get the best return possible. You may still end up paying back all of your debt, losing assets in the process. It will take you YEARS to recover and rebuild, and you’ll be left to do it all on your own. Don’t misunderstand, the trustees offers a critical role in effectively deal with overwhelming debt, but we believe as the creditors receive professional representation, the debtor has the same rights. We also believe that any successful plan to deal with debt should include a comprehensive credit rebuilding plan and bring your financial goals closer, not push them further away. There are 1M Canadians with bad credit and left vulnerable to future financial failure by a process designed to help them.

Who has your back?

At this point in the process you don’t need threats or intimidation, you’re already feeling defeated. What you need is realistic, compassionate, genuine HELP; a friend like 4 Pillars Debt Solutions. You see 4 Pillars works for you, not your creditors. Their priority is helping YOU reduce your debt. And they do that free of judgement or blame. You are given the respect and compassion you deserve as they educate you as to your best options. That’s right, you have options.

Robert Osborne and his team at 4 Pillars in the Kootenays will work to find you the best way to restructure your debt. Whatever solution you choose, you could be debt free, in most cases, within 5 years. And during that time Robert will be working with you to help rebuild your credit.

That’s what friends do!

Robert Osborne of the 4 Pillars Kootenay office has your back. He’ll help you navigate the maze of debt terminology, explaining every aspect of your situation, and helping find you the best solution. To learn more about your options call Robert directly at (250) 365 8070. And like a good friend, he always takes your call!

4 Pillars Debt Solutions. Details at 4Pillars.ca

Book your free consultation.

Your local office will be in touch with you promptly.

By submitting this form you agree to have one of our offices reach out to you via email, call or text.

"The stress and worries are over. We are living again."
Actual client testimonial. Name removed to protect privacy.
Go To Top Button