Knowing your options is the first step to becoming debt free

January 26, 2015 by · Leave a Comment
Filed under: Debt Management, debt relief, Information Seminar 

The Bank of Canada recently dropped its prime lending rate from one per cent—where it has been since 2010—to .75. Gas prices, too, are at a record low. But instead of springing into a spending spree, now might be the best time ever to explore clearing up personal debt.

Debt can be all-consuming, impacting every corner of one’s life. The strain does not just stress the bank account, it impacts interpersonal relationships, how you interact with your children, and it can even impact interpersonal-office relationships. Insomnia is a common side effect which invites a host of negative health issues. For some, insurmountable debt can result in an incredible downward spiral.

“There is a way out,” said Kyle Stroshein, an Estate Manager with Abakhan & Associates Inc. Trustee In Bankruptcy. “In fact, there are several. Most people know about the two extremes, which are to pay it all in full for the duration of your life, or to do nothing.”

Others may have heard about the dreaded B-word, and there is a lot of misinformation out there on bankruptcy.

“The worst thing you can do is to cash in your RRSPs without proper advice,” warns Stroshein.

Stroshein has worked with Abakhan & Associates Inc since 2011, and during that time he’s helped a number of people deal with debt.

Debt is nothing new to most Canadians. The third quarter of 2014 saw a record high for Canadian debt loads. According to Statistics Canada, “household credit market debt to disposable income increased to 163.7% in the third quarter from 163.1% in the second quarter.” In other words, for every dollar earned, Canadians owe almost $1.64.

The recent drop in gas, along with the drop in interest rates makes this a great time for people to begin addressing their own personal debt.

Stroshein will be hosting a free informational seminar to discuss the range of options available in March. For information, visit

“When people know their options,” said Stroshein, “they can move from fear to action. Money problems are infinitely solvable, and it begins with knowing the facts.”

Dealing with debt seminars

January 15, 2013 by · Leave a Comment
Filed under: Information Seminar 

The January event is fully booked.

Based on feedback, I will continue holding information sessions, at no cost.

  • Where: Sessions are in Sooke
  • When: Tuesday’s at 10am-11:30am and Saturdays at 6pm-7:30pm.
  • How to register: Register by sending me an email, and I will contact you with the details.

I will come to you if your group has six or more learners.

Here’s what you will learn at these seminars:

  • How to increase your cashflow
  • How to improve your credit rating
  • How the debt-industry works, and your seven legitimate debt-resolution options
  • Debt scams

Here’s what some of the participants said about the previous seminar:

I strongly recommend Britt Santowski’s Dealing with Debt seminar for anyone who has questions about exploring this vitally important subject. – Peter S

The presentation was very informative and gave context to numerous strategies gaining freedom from debt. – D.E.

Very seriously researched the options and provides an objective presentation.

A succinct and holistic approach to the basic options available to the financially struggling individual. – J.P.G.

Gave me a sense of what my options are and showed me that debt and shame are linked, but don’t need to be. I.M.G.


Just a short note of appreciation for your excellent presentation Friday evening at Oak Bay Library. I have since taken some time to peruse your website, and I am astounded at the number of wonderful resources you have made available.

Thank you for sharing your financial wisdom born of such excruciatingly painful personal experience, Britt!

Best regards,


Free Presentation Reminder

September 19, 2012 by · Leave a Comment
Filed under: Bankruptcy, Debt Management, Information Seminar 

This Friday (Sept 21st), I will be hosting a free information session on Dealing with Debt. The event will be held at the Oak Bay Library, and goes from 6:00pm to 8:00pm. Parking is widely available.

The reason for this information session is very simple: To pass along the information that I wish I would have had when I was financially stressed. I’ve had parents contact me on behalf of their kids, and kids contact me on behalf of their parents.

Financial stress is very isolating. And typically when you finally consult a professional, you know so little of the industry that you will be inclined to follow whatever recommendation(s) they make.

People generally need to be more informed of their choices, and of the range of options within the industry.

At this upcoming seminar, I will talk about the full range of options (the seven that I know of) and how each option impacts you. I’ll also be touching on industry scams and tricks. You’ll also get to see me naked (metaphorically). I’ll tell you my story.

Ultimately, I want education vis-a-vis factual information to be your driver, not fear.

This is a trial seminar. If demand becomes apparent, I’ll do another one. If not, I’ll put together some online presentation that people can download at their own leisure.

This website is both a passion and a hobby for me. I’m still looking for a day job. Grin.

Hope to see you at this seminar. It might be the only one of its kind.

Selling debt solutions to an uninformed public

November 17, 2011 by · Leave a Comment
Filed under: Bankruptcy, Debt Management, Information Seminar 

Every marketer needs to ask the critical question, “What’s in it for the consumer?” Toothpaste manufacturers know people don’t pay for toothpaste; they pay for either white teeth or cavity protection. Car dealers know people don’t buy cars, they buy a safe mode of family transportation or an image (wealth, muscle, or beater). Read more