All of the above ideas together with other options are outlined in the brochure that accompanies this letter. You will receive further explanations by the counsellor at an initial meeting.
At the initial assessment meeting, you are encouraged to have a list of all questions that you wish to ask prepared in advance in order that you do not forget to ask something that is important to you.
Please bring to the initial assessment meeting the following documents;
- Completed application form (if you have one)
- Proof of your legal name (birth certificate, citizenship papers, passport, etc)
- Any invoice, bill, statement, etc for each of your debts (for the full name, mailing address and account number of your creditor)
- The ownership (green form) and insurance (pink slip) of any vehicle that you own or drive
- Copies of any life insurance policies including the name of the beneficiary
- House / condo / property - purchase documents, current mortgage statement and home insurance policy
- A schedule of your current monthly income and expenses if you are self-employed
- Current pay stub from employment or payment stub if you are on a pension or other form of assistance. If you are on direct deposit and do not have a pay stub, please bring a photocopy of your current bank statement showing the deposits
- Copy of the last income tax return that you filed with Canada Revenue Agency
- Details of R.R.S.P.’s or other investments
- If you were a shareholder of a corporation, we require the most recent financial statements for the corporation
- Any other documents or questions that you wish to discuss
- A list of any questions that you wish to review
If you are unable to find any specific document as outlined above, simple advise us what is missing and we will discuss it with you and arrange to get a duplicate document at a later time. This will allow us to meet with you and help solve your problems at the earliest possible time.
If you own a house or condo we will require an appraisal of the house or condo as well as the current mortgage payout figure [balance outstanding on your mortgage]. This determines the equity in the house or condo and allows us to discuss the possibility of refinancing the existing mortgage or obtaining an second mortgage. It is the equity that usually determines the offer that you consider making to your creditors. In this way, you are assured that the ownership of your house or condo is not in jeopardy.
If you own a car, we will require an appraisal of the car as well as the amount outstanding on any financing of the purchase of the car or the remaining terms of any lease payments and the remaining buy-out at the end of the lease.
Financial problems often result in personal stress as well as friction between yourself and other members of your family. Your current financial situation may also be the result of gambling, alcohol, drug abuse or some similar problem. We would be pleased to refer you to other agencies that may be of assistance to you.
Thank you for taking the time to read all of this material. You are under no obligation for any payment of fees when you meet with us for the initial meeting. We will discuss fees [and the payment schedule of the fees] only when you decide to proceed with a proposal or bankruptcy. When you do make a payment for fees in cash you will always receive a receipt from our staff showing the payment made and your account number. You are also under no obligation to leave any of your papers, documents or other materials with us unless you decide to utilize our services. If you decide to do nothing, that is a valid decision that you are entitled to make and you will simply take all of the documents that you brought with you back home.
We hope to be of service to you. Please give us a call to set up our first meeting at a time and place that is most convenient for you.