Facing financial distress is a crushing experience that creates hardship on a personal level. It’s not easy.
Being an advisor who feels they have the burden of discovering and then demonstrating the level of financial distress to their client is also very difficult. Having insolvency practitioners who are qualified to assist helps. Our vast experience helps to assure clients by sharing how we’ve helped many other people in similar circumstances to theirs. It costs nothing to you or your client to get our initial advice. Sometimes that conversation is enough shift perspectives and create support both professionally and personally.
Be aware and proactive about your client’s mental health, so they can get out the other side of these challenges. Offer help if they need it. Remind your clients they can chat to their doctor or reach out to mental health organisations if they need help.