111 Waterloo Street, Suite 310
London, ON N6B 2M4

RESOLVE TO SOLVE YOUR DEBT PROBLEMS

September 5, 2017

Each year we all make resolutions appertaining to lifestyle changes we know we should make, by mid-year most of us have forgotten them. Servicing debt has tremendous economic and social consequences.  Economically it means that every purchase made using credit will cost more than if we saved up and simply paid in full at the […]

JESUS HAD NOTHING ON THE BANKS

September 5, 2017

Jesus was able to feed 5,000 people with nothing more than 5 loaves of bread and 2 small fish. Through the miracle of credit and fractional reserve banking, banks make Jesus’ miracles seem insignificant.  Using complex calculations of loss expectations and by creating their own rules, banks have been able to loan thousands of trillions of […]

BANKS AND THE RIGHT OF OFFSET (OR “SET OFF”)

September 5, 2017

Talk to your trustee about the treatment of your bank account before you file a bankruptcy or proposal. In Ontario the Limitation Act prevents legal action being taken against you for debts, except mortgage debts, that are more than two years past payment. In other words if you have ceased making payments for a period […]

WHAT HAPPENS IF MY TRUSTEE IS IN A DIFFERENT CITY?

September 5, 2017

Trustees are licenced Federally to act in Provincial jurisdictions. Many trustee firms have centralized processing centres as a means of cost and quality control.  There are good and bad things about such a system.  The best is that staff are specialized to deal with specific aspects of each file and can do so cost effectively […]

Average London (Ontario) Home Buyer

September 5, 2017

The average home price in the London area is $329,000 – which begs the question “who can afford to buy?” Assuming the home buyer has the requisite 5% down payment and the 4% for CMHC insurance as well as the roughly $1,500 for legal fees and disbursements (totalling $30,452) all that remains is to qualify […]

Page 20 of 71...10...1819202122...3040...