Consumer Debt Study Reveals Warning Signs for Those Facing Debt Problems

According to the latest annual BC Consumer Debt Study from Sands & Associates, recognizing the point at which debt has turned from manageable payment to unmanageable problem isn’t always easy, and many consumers may not realize how close they actually are to facing financial crisis until the situation is severe. Over 1,800 consumers across BC who eventually made the decision to file a formal insolvency proceeding to deal with their debts weighed in with their insights as part of the study. Blair Mantin, a Licensed Insolvency Trustee and Senior Vice-President at the firm joined CTV News to share more about the findings, and where consumers can seek debt help.