Kylie is an actress who grew up in a home where money was never an issue. Her parents paid for her education and acting classes until the time she could make a living as an actress. That time never came and finally, in frustration, her parents stopped their financial support.
Kylie had never been taught about money and her part-time job as a waitress was not enough to pay for her living expenses. Within a short period of time, Kylie had acquired a lot of debt and couldn't pay her bills. She was constantly short of cash and began borrowing from her friends.
Her debt situation got so bad that she even considered stealing from her roommate. Realizing that she had sunk to the level where she was considering committing a crime — Kylie finally faced the fact that she was in financial trouble. She reached out to Grant Thornton in Winnipeg for help.
Sometimes you have to hit bottom to start the process of getting healthy. The first step was when I finally saw the reality of my situation and realized how desperate I had become. For me, recognizing that I needed help was the hard part — contacting Grant Thornton learning about the options that were available to me to take control of my financial future — that was the easy part.
We know that each person's situation is different and that there are no quick fixes for financial difficulty. However, you are not alone. There are solutions for all debt problems and we are here to help.
At Grant Thornton, we respect the confidentiality of our clients. Although the names and details have been altered, these stories are based on real life situations. They also demonstrate that every situation is different and the importance of speaking to an experienced insolvency administrator to discuss the options available.