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POSITION PAPER 2001
Par-O-Law Canada Inc.
The Executive Document Series

Insolvency Side Effects

When an individual or family becomes insolvent the difficulty touches many individuals and companies that are either directly or indirectly related to the event.

Insolvency Stress Impacts Work Performance

Workplace accidents occur because of distraction, depression and/or preoccupation with money problems, and the needs of the family. These symptoms and accidents cause Employers immeasurable grief and downtime resulting in greatly reduced earnings for the company.

A distracted employee is not only a risk to themselves but also a major risk to coworkers. This pushes up the Workplace Safety Insurance Board premium, which further reduces the bottom line for corporations and small businesses.

Extreme Cases Can Be Deadly

Extreme cases of financial difficulty have caused some persons to completely lose their grip on reality and commit suicide, or worse yet, to go on a rampage and commit acts of violence against their coworkers. At this stage the stressed individual is in denial and blames the innocent for their own inability to manage their financial affairs.

We Understand and Try to Address the Needs

There are no easy solutions to these situations, but Par-O-Law does help people find relevant programs and receive needed counselling when the client requires more than financial restructuring of their current debt.

Our Financial Default Management™ techniques are designed to provide immediate relief to insolvent persons.

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