Insolvency is a situation where an individual or business cannot repay its debts on time. A person becomes insolvent when they are unable to reimburse their creditors.
If you feel that you will never be able to repay your debts and feel overwhelmed and stressed, you may be in need of help.
There is nothing wrong with seing a trustee and taking control of your finances.
Online self-directed learning material
The Federal Government has developed online self-directed learning material for the Insolvency Counselling Program.
This program was designed for people who have filed an insolvency proceeding under the Bankruptcy and Insolvency Act (BIA).
You will find the link for both sessions here under.