Individuals, Self-Employed & Small Business

Financial pressure rarely fits neatly into one category. A job loss, an unexpected expense, a tax balance, or a difficult period in the business can quickly affect every part of your finances. For people who are self-employed or run a small or medium size business, the situation can be even more complicated when personal savings, credit, loans, or guarantees have been used to support the business.

Albert Gelman Inc. helps individuals, self-employed people, and business owners across Ontario, Alberta, and British Columbia understand what is driving the pressure and determine what to do next. Your first conversation with us is free, confidential, and carries no obligation.

When Personal and Business Finances Overlap

Small business owners often face several challenges at once, including inconsistent cash flow, personal guarantees, overdue income tax or HST, source deductions, supplier pressure, and growing household debt.

Addressing each issue separately can overlook how one decision may affect the rest. We consider the full picture, including your personal obligations, the business’s financial position, and any liabilities associated with your role as an owner or director. When both personal and business matters require attention, our team can coordinate the advice so you have one clear path forward.

When to Ask for Help

• You are borrowing to keep up with existing payments.
• You have used personal credit or savings to support the business.
• The Canada Revenue Agency has contacted you about unpaid HST, payroll deductions or corporate taxes.
• Creditors are calling, threatening legal action, or pursuing collection.
• You are unsure whether the business can continue in its current form.
• Financial pressure is affecting your family, health, or ability to make decisions.

You do not need to wait until the situation becomes a crisis. Speaking with us early can give you more time to assess your options, address creditor pressure, and protect what matters most.

A Practical Way Forward

We begin by reviewing your income, expenses, assets, debts, and any financial obligations connected to your business. We then explain the available options in plain language and help you understand the likely impact of each path on your finances, assets, credit, and future plans.

Because many of our clients are self-employed or business owners, we understand the challenges that arise when personal and business finances overlap. Depending on your circumstances, the right approach may involve an informal solution or a formal process. Whatever the next step, our advice is practical, respectful, and focused on helping you make informed decisions with confidence.

For more information about formal debt-relief options, see our Individual Proposals & Bankruptcy service page.